Taiwan's citizens are ill-prepared for retirement, if a recent survey by HSBC's insurance arm is to be believed. Not so, say local officials and academics, who point to high property ownership, pension schemes and the less-quantifiable but important support from duty-aware offspring.
AIA, the Asian unit of troubled US insurance giant AIG, is set to price its Hong Kong share sale in its bid to raise around US$20 billion. Big institutions and rival insurers are keen to buy. Local investors are less enthusiastic, preferring to bet their savings on China-based companies than give money to the US government.
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