Blackstone Group LP, which scored big four years ago when a company it owned sold New York’s Waldorf Astoria hotel for a record-setting price to a little-known Chinese insurer, may soon get a chance to own the iconic landmark again. …
China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city’s shares through an exchange trading link with Shanghai, the China Insurance Regulatory Commission said in a …
Business groups from the U.S. and around the world protested planned cybersecurity rules for the insurance industry in China in a letter to the head of the nation’s insurance regulator. The draft regulations may create obstacles to international trade, according …
The premium income received by China’s insurance firms hit 2.4 trillion yuan ($364.85 billion) in 2015, the industry regulator said on Monday. This means insurance premium income rose 20 percent last year from 2014, Chen Yingdong, a spokesman for the …
More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, China’s insurance regulator said. The new firm, China …
China’s insurance regulator estimates the payout in the fatal Yangtze cruise ship capsizing last week, which killed more than 400 people, at around 92.5 million yuan ($14.91 million), the official Xinhua news agency reported on Wednesday. The China Insurance Regulatory …
China’s Premier Li Keqiang has told the world’s fastest-growing major insurance industry to boost capital as rating companies warn of shadow-banking investments. Policy providers will need cushions commensurate with their risks rather than just size, the industry regulator said Feb. …
A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust products on June 30, surging …
Chinese insurers face increasing risks from their investments in property and local government debt as the nation’s economic growth slows, according to a senior regulatory official. The China Insurance Regulatory Commission will focus more on risk prevention, and seek to …
China’s decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow insurers, including Chinese-based foreign insurance firms, to buy stakes in more …
