China’s UCF Group backs $914m deal for HK insurer A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan Jonathan Browning, Alfred Liu March 22, 2017 PremiumChina UCF Group Co., the conglomerate led by businessman Zhang Zhenxin, is backing the acquisition of Hong Kong Life Insurance Ltd. in a deal valuing the insurer at HK$7.1 billion ($914 million). Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at email@example.com.