China Pacific gets nod for public float

China Pacific Insurance Co Ltd on Friday got the green light from Hong Kong Stock Exchange for its $3.4 billion share float in Hong Kong.

The company has wrapped up the regulatory inspection process and is likely to launch the road show as early as next week in order to get listed before the end of the year, the Shanghai-based Oriental Morning Post reported.

The nation's third largest life insurer received approval from China's top securities regulator on Wednesday and would list no more than 990 million shares in the overseas market, it said in a statement filed to the Shanghai Stock Exchange.