Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Regulator to Retain Control of Anbang Insurance Group Until Next Year
Feb 22 2019 // China’s banking and insurance regulator said on Friday it will extend its control of Anbang Insurance Group Co. Ltd. for one year to Feb. 22, 2020. The regulator will maintain the stable operation of Anbang and...
China Abandons Pledge, Returns to Very Active Hacking of U.S., Report Says
Feb 19 2019 // China largely abandoned a hacking truce negotiated by Barack Obama as President Donald Trump embarked on a trade war with Beijing last year, according to the cybersecurity firm Crowdstrike Inc. A slowdown in Chinese...
China’s Ant Financial Buys UK Payments Company WorldFirst
Feb 14 2019 // Ant Financial, the Chinese financial services giant controlled by billionaire Jack Ma, bought London-based payments company WorldFirst in its biggest overseas deal since a U.S. expansion was thwarted. The acquisition marks...
Sirius Int’l Is Insulated from Liquidity Issues at Chinese Parent Firm CMIG: S&P
Feb 12 2019 // Reported liquidity issues at China Minsheng Investment Group (CMIG), the ultimate owner of Sirius International Group, will not affect Sirius Group’s creditworthiness, said a bulletin issued by S&P Global...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Business Moves
Feb 4 2019 // National China Re, Chaucer, Hanover China Reinsurance (Group) Corp. has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. – the major portion of Hanover Insurance Group’s Lloyd’s...
CIA Says China, Russia Pose Biggest Cyber Attack Threats to U.S.
Jan 30 2019 // Russia and China pose the biggest espionage and cyber attack threats to the United States and are more aligned than they have been in decades, the leader of the U.S. intelligence community told U.S. senators on...
China’s Ping An P&C Unveils Credit-Based Smart Auto Insurance Claim Solution
Jan 30 2019 // Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits. The credit-based...
Metals Financing Fraud Lawsuits Reveal Risks of Relying on Paper Receipts
Jan 28 2019 // When the man running one of London’s biggest metals brokerages found a new client who wanted to finance large volumes of nickel held in warehouses in Asia, he thought the deal promised major rewards. Less than a year...
Bank Issues China’s First Perpetual Bond as Investment Restrictions on Insurers Eased
Jan 25 2019 // China’s fourth-largest lender on Friday issued the first-ever perpetual bonds by a Chinese bank, with yields at the low end of market expectations after new policies to support their issuance boosted market...
Anbang Insurance Assets for Sale Include Manhattan Building, Health Insurer, Hotels
Jan 25 2019 // Anbang Insurance Group Co., which symbolized the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is...
Volvo Recalls 200,000 Cars to Fix Potential Fuel Leakage Problem
Jan 23 2019 // Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment...
Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap
Jan 22 2019 // The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses,...
Germany, China Agree to Expand Market Access in Insurance, Banking, Finance
Jan 18 2019 // Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements...
Germany, China Discuss Ways to Improve Market Access for Insurers, Banks
Jan 17 2019 // Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade...
U.S. Government Steps Up Warnings to Businesses Over Foreign Hackers
Jan 9 2019 // The Trump administration on Monday launched a drive to push U.S. firms to better protect their trade secrets from foreign hackers, following a slew of cases accusing individuals and companies of economic espionage for...
Competition in Artificial Intelligence Is Like New Space Race: Viewpoint
Jan 2 2019 // It’s been another year of relentless artificial-intelligence hype and incremental AI achievement. Machines still beat humans only in carefully constructed environments or at narrow tasks. The good news is that, as...
China Re Completes Purchase of Chaucer Holdings from Hanover Insurance
Dec 31 2018 // China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major portion of Hanover Insurance Group’s Lloyd’s international specialty...
Part of Chinese-Drywall Lawsuit Revs Up in Virginia
Dec 28 2018 // A class-action lawsuit that claims Chinese-manufactured drywall made American homeowners sick is revving up in Virginia. The Virginian-Pilot reported that about 175 people are suing Chinese companies in a federal court in...
Marsh Launches China Desk in Dubai to Tap Growing Business Links
Dec 27 2018 // Marsh, one of the world’s largest insurance brokers and risk advisers, has launched a China desk in Dubai to benefit from growing commercial links between China, the Middle East and Africa, its regional chief...
