Insurer's healthcare arm plans HK listing

Ping An Good Doctor, the online healthcare and medical platform backed by Shenzhen-based Ping An Insurance Group, filed an application to list on the Hong Kong Stock Exchange, firing the first shot for a fresh bout of Chinese mainland technology and internet companies looking to make their market debuts in Hong Kong this year.

The move marks the very first step in a process expected to pave the way for the first financial technology spinoff and separate listing by the insurance conglomerate on Hong Kong's Main Board.

The offering is said to value the Shanghai-headquartered Ping An Healthcare and Technology - Good Doctor's listed entity - at up to $5 billion.