Under the flag of Lee Shze Kaixia's Yingke, they expanded and sold Bairui Investment's overseas assets to Metropolitan Life Insurance for a price of up to $1.2 billion.

Hong Kong PCCW (00008) Chairman Li Tzar-kai's Pacific Century Group (PCG) is selling PineBridge's assets outside of China to Metropolitan Life Insurance Management Company (MIM) for $800 million (approximately HK$6.24 billion), with the deal expected to be completed by 2025. In addition, the deal will include payment of $200 million based on specific financial metrics next year, and an additional $200 million based on profit performance over several years, with the total deal potentially reaching $1.2 billion (HK$9.36 billion). PCG has stated that it will retain its operations in the mainland to meet the increasing demand for investment products in the Chinese market. The transaction does not include PineBridge's private equity funds or its joint venture with Huatai. PCG has emphasized that it will retain its operations in the mainland and focus on enhancing the group's core strengths through Huatai PineBridge Fund Management Company and its unique private equity fund business. Huatai PineBridge, a joint venture between PCG, Huatai Securities, and Suzhou Industrial Park High-Tech Industry Co., Ltd., is a leading fund brand in China that will continue to meet the growing demand for investment products in the Chinese market. Leveraging PCG's platform, its private equity fund business also has a strong competitive advantage in the small and medium-sized market trading. PCG will continue to work closely with partners and teams to create extraordinary value for Chinese and global customers. Earlier this year, there were reports that PCG was planning to sell a majority stake in PineBridge. At that time, PCG clarified that PineBridge had no intention of selling its mainland business, which would not affect its joint ventures in the mainland. Li Tzar-kai emphasized the group's proactive and continuing investment in the mainland market in the future. According to the company's website, the joint venture between Huatai and PineBridge managed assets worth over $70 billion as of the end of June.