Li Zekai's Fangwei Group, through a hearing with the Hong Kong Stock Exchange, has incurred losses of over 1 billion US dollars in the past three years.

After four attempts, Fubon Group has finally passed the hearing at the Hong Kong Stock Exchange. Information disclosed on the Hong Kong Stock Exchange website shows that on June 16th, Fubon Group Limited passed the hearing and is on the verge of being listed. The company is jointly sponsored by Morgan Stanley and Goldman Sachs, with HSBC serving as the financial advisor. As early as 2021, Fubon Group had planned to list on the US stock market, but later opted for an alternative solution, which is listing on the Hong Kong stock market. In early 2022, Fubon Group first submitted its listing application to the main board of the Hong Kong Stock Exchange, but was unsuccessful. The company then made multiple attempts to list, and on May 20th of this year, it submitted its listing application to the Hong Kong Stock Exchange for the fourth time. Unlike before, Fubon Group passed the hearing at the Hong Kong Stock Exchange in less than a month. The prospectus shows that Fubon Group is a rapidly growing pan-Asian life insurance company, using a customer-first and digital empowerment model, founded in 2013 by Li Ka-shing's son, Li Zeqian.