Yunfeng Financial Group is dedicated to develop a complete financial service ecosystem. As insurance service is an indispensable part of the comprehensive financial planning, Yunfeng Financial Group announced the acquisition of 60% of the issued share capital of MassMutual Asia Limited (“MassMutual Asia”) from MassMutual International LLC in August 2017. MassMutual International LLC becomes the second largest shareholder of Yunfeng Financial Group.
Yunfeng Financial Group, through our non wholly-owned subsidiary, MassMutual Asia to support with professional insurance products to enrich the product suites of Yunfeng Financial Group, provides comprehensive risk management and wealth management services from Yunfeng Financial Group to clients. MassMutual Asia has its headquarters in Hong Kong, and operates a branch office in Macau. MassMutual Asia also operates several subsidiaries in Hong Kong, including MassMutual Trustees Ltd., which focuses on the MPF business; and MassMutual Insurance Consultants Ltd., which handles general insurance business. MassMutual Asia operates in Macau through the branch office and is licensed to sell life insurance products in Macau.