Weekly Digest: Dubai prince reaffirms HK family office; GIC takes control of insurance broker
Dubai prince reaffirms HK family office plans after abruptly postponing inauguration; GIC completes acquisition of stake in reinsurance broker and becomes majority shareholder; UK uni pension applies for trading approval in China; and more.
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A Dubai prince who abruptly postponed an inauguration ceremony of his $500 million family office in Hong Kong has issued a third statement in four days to reiterate his commitment to proceed with the plan.
It reiterated the opening ceremony for the prince’s family office had been postponed until the end of May, when Maktoum would make a return visit to the city.
“It has been confirmed that the operation of the sheikh’s family office in Hong Kong will proce…
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