There are online rumors that Ping An Insurance (02318.HK) intends to return to the Hong Kong life insurance market and is in talks to acquire the business of virtual life insurance company ZA Insure. During the discussions, Ping An Insurance has raised the question of whether ZA Insure's license can be used for online sales and has proposed allowing for distribution through traditional channels such as agents and brokers. Additionally, it has been reported that Ping An Insurance is not only in talks with ZA Insure, but has also made preliminary inquiries with Blue Insurance.

Local media Hong Kong 01 quoted Ping An Insurance's response stating that there is currently no such news, while ZA Insure stated that they will not respond to market rumors. (cy/k)

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