AIG (AIG) is reportedly in negotiations to become a cornerstone investor in the $4B Hong Kong...

|By:, SA News Editor

AIG (AIG) is reportedly in negotiations to become a cornerstone investor in the $4B Hong Kong IPO of Chinese state-owned insurer PICC Group. China Life, utility State Grid Corp and French reinsurance firm Scor are also potential cornerstone investors, as are other Asian insurance companies and a number of large Chinese state-owned enterprises.