Core Viewpoint - Recently, Yuexiu Group completed a strategic acquisition of Hong Kong Life Insurance, becoming its 100% actual controller after a transaction valued at HKD 17.68 billion [1][3]. Group 1: Acquisition Details - The acquisition was officially completed on October 9, following regulatory approval on September 25, 2023 [1][2]. - The transaction is noted as the largest life insurance acquisition in the Hong Kong market since 2024, with a total value of HKD 17.68 billion [3]. - After the acquisition, Yuexiu Group holds 83.33% of Hong Kong Life through a newly established wholly-owned subsidiary, while the original shareholder retains 16.67% [3]. Group 2: Future Plans and Investments - Yuexiu Group plans to inject an additional HKD 1 billion into Hong Kong Life to enhance its capital base and support the development of various insurance products and services [1][6]. - The chairman of Yuexiu Group emphasized that the acquisition will strengthen the group's capabilities in Hong Kong and enhance its financial ecosystem, which includes banking, insurance, securities, and investment [5]. - The company aims to leverage the aging population in Hong Kong, with projections indicating that the number of seniors aged 65 and above will rise from 1.7 million to 2.75 million by 2046, to develop integrated health and insurance services [5].