TechFlow news, November 17 — According to Hong Kong media Dongwang, Manulife Financial announced an investment option linked to "virtual asset funds" and has completed the review process with relevant regulatory authorities. Specific details about the new investment-linked life insurance product options will be disclosed in due course. It is understood that Yunfeng Financial, indirectly held by Jack Ma, has acquired the Hong Kong and Macau business assets of US-based Manulife Life Insurance. It currently primarily operates long-term insurance businesses in Hong Kong including life and annuity, investment-linked long-term, permanent health, and retirement plan management.
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