Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
China May Limit AIG’s Subsidiary Ownership
Jun 13 2002 // According to several news reports, an official of the China Insurance Regulatory Commission (CIRC) told reporters at a news conference on June 11 that American International Group wouldn’t receive any more licenses...
AIG Sees 20-25% Growth in China
Jun 7 2002 // American International Group’s CEO, Maurice “Hank” Greenberg, speaking at a news conference in the Chinese capital, Beijing, indicated that the company expects to see revenues from insurance premiums in...
ACE to Buy 22% Stake in Chinese P/C Insurer for $150 Million
May 29 2002 // Bermuda’s ACE Ltd. announced that it has entered into a strategic business partnership with Huatai Insurance Company, China’s fourth largest property/casualty insurer, and “will acquire 22% of...
China Airlines Fully Insured for 747 Crash Claims
May 27 2002 // As rescuers attempt to locate the flight recorders, and continue the grim task of trying to recover the remains of the 225 people aboard a China Airlines 747 that apparently disintegrated on a flight from Taipei to Hong...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
Allianz Report Upbeat on Business in China
May 2 2002 // Germany’s Allianz posted an article on its web site that sounds an upbeat note about doing business in China, and singles out Shanghai as the best place for banks and insurance companies to locate. The report notes...
China Sends Insurance Team to Korea to Arrange Air Crash Claims Payments
Apr 17 2002 // According to reports from China’s Xinhua News Agency, the Beijing Insurers Association has taken the lead in establishing a special team of investigators and dispatching them to South Korea to examine and expedite...
HSBC to Increase Presence in Chinese Market
Mar 20 2002 // The Hong Kong and Shanghai Bank Corp. (HSBC), which despite its name is actually based in London, announced plans to to tap the growing insurance market in mainland China by opening branches of HSBC Insurance in Beijing,...
Chinese Insurance Sector Reports 32.2% Growth
Feb 5 2002 // Judging from a report by Xinhua, the official Chinese news agency, the insurance market in the People’s Republic is thriving with total income for 2001 of 210.94 billion yuan ($25.5 billion), a 32.2 percent increase...
Report AIG to Receive 4 New Licenses in China, Then 100% Ownership To End
Dec 10 2001 // Following up on earlier reports (See IJ Website, Dec.7), the Wall Street Journal has indicated that Chinese Premier Zhu Rongji and American International Group’s CEO Maurice “Hank” Greenberg have...
Report Compromise in EU, AIG Dispute Over China Branches
Dec 7 2001 // Of the hundreds of compromises and agreements reached before China was formally admitted to the World Trade Organization last month, one dispute stubbornly refused to go away – the clash between American...
Report Aon in Talks to Form Chinese Broker
Nov 30 2001 // According to a report from Reuters News Agency, Aon Corp., the world’s second largest insurance broker, is in the process of concluding a 50/50 partnership arrangement with China’s state-owned COFCO, and...
China Grants 8 New Approvals to Insurers
Oct 26 2001 // According to a report from China’s official Xinhua News Agency, monitored by the BBC, eight insurance companies have received approvals from the Chinese government to begin operations, and/or to expand current...
China To License Nine European Insurers
Sep 27 2001 // Chinese insurance regulators have notified nine European insurers that they may submit documents preliminary to receiving licenses to begin or expand operations in the country. The action comes following China’s...
Taiwan to Follow China into WTO
Sep 19 2001 // No sooner had the weary delegates to the current World Trade Organization meeting in Geneva taken a rest from thrashing out the final details of China’s admission to the world’s governing trade body, than they...
China WTO Admission Approved After Diplomatic Compromise
Sep 17 2001 // Weary negotiators in Geneva finally put their signatures on a Treaty of more than 1000 pages setting forth the terms and conditions for China’s admission to the World Trade Organization after 15 years. The agreement...
China Expected to Honor Insurance Commitments for WTO Entry
Sep 17 2001 // As far as the United States is concerned, any final agreement to admit China into the World Trade Organization depends on whether the country honors its bilateral market access commitments on insurance. According to...
WTO Postpones Meeting on China Admission
Sep 13 2001 // The World Trade Organization in Geneva announced that it was postponing meetings on China’s admission to the world body until next week as a result of the terrorist attacks on the U.S. Informal talks, concentrating...
