News Tycoon Richard Li’s FWD files for IPO in Hong Kong after US setback US-China tensions scuppered the Asian insurer’s more ambitious plans for an overseas debut 28 February 2022 – 17:37 Manuel Baigorri and Pei Li Picture: BLOOMBERG FWD Group, the Asian insurer backed by Hong Kong billionaire Richard Li, filed an application for an initial public offering in the city, after US-China tensions scuppered more ambitious plans for an overseas debut. Sponsoring banks include Morgan Stanley, Goldman Sachs Group, JPMorgan Chase and CMBI, according to a filing on Monday to the Hong Kong Stock Exchange, which didn’t specify…