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UPDATE 1-Hopu, Blackstone among bidders for AXA's China stake

Making a market in Ideas * AXA's Taikang sale gets both Chinese and foreign bidders * AXA's Taikang sale is now valued more than $1 billion * All bids came in by last Friday's first-round deadline (Adds details about bidders, AXA's Asia plan)... Full Article at Reuters

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  1. The group has announced a two-stage deal. First, Axa's regional partner AMP of Australia will buy all of Axa Asia Pacific, including the 54 per cent owned by the French parent. The deal values Axa Asia Pacific at about $10.3bn (£6.2bn). Full Article at The Scotsman

  2. The insurance market in Asia is growing faster than Europe and the United States, with Ping An Insurance (Group) Co of China Ltd <601318.SS> and China Life <601628.SS> strong rivals. Full Article at International Business Times

  3. SYDNEY/HONG KONG (Reuters) - French insurer AXA &lt;AXAF.PA&gt; bid for full control of its majority-owned Asian arm on Monday, seeking a tighter grip on the region's strong growth potential. Full Article at ABC News

  4. (Repeats story first issued late Monday. No changes to text) HONG KONG, Nov 2 (Reuters) - Singapore's state investor Temasek [TEM.UL], Blackstone Group (BX.N) and KKR are among the firms expected to submit bids soon for AXA's (AXAF.PA) stake in China' Full Article at Reuters

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  1. BEIJING - NOVEMBER 25:  Hong Kong actor Chow Yun Fat attends a media call for the charity dinner of 'Smile Angel Foundation' at Ever Care Aikang Hospital on November 25, 2009 in Beijing, China.
  2. Zhang Hongwei (L), Minsheng Banking's Vice Chairman of the Board in China, and Dong Wenbiao, Minsheng Banking's Chairman of the Board of Directors in China, attend an event for the company's debut on the Hong Kong Stock Exchange November 26, 2009.
  3. MILAN, ITALY - NOVEMBER 25: Chinese Ambassador Sun Yuxi (L) and Chairman of Parma FC Tommaso Ghirardi attend the China Awards ceremony on November 25, 2009 in Milan, Italy.
  4. ZHAOJUE COUNTY, CHINA - NOVEMBER 25:  A Yi ethnic man leads a horse at a market in a village on November 25, 2009 in Zhaojue County of Liangshan Yi Autonomous Prefecture, Sichuan Province, China.
  5. SHENZHEN, CHINA - NOVEMBER 25:  Christian Cevaer and Thomas Levet of France during the Opening Ceremony of the Omega Mission Hills World Cup played over the Olazabal Course on November 25, 2009 in Shenzhen, China.

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