Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China May Allow Foreign Investors to Hold Controlling Stakes in Financial Firms
Nov 11 2016 // China may allow foreign investors to hold controlling stakes in mainland securities, fund management and insurance companies, the Chinese and British governments said, underlining Beijing’s commitment to opening up...
Global Fight Against Climate Change to ‘Suffer a Blow’ from Trump Victory
Nov 10 2016 // The global fight against climate change will suffer a blow from Donald Trump’s victory in the U.S. presidential election, threatening the industries working to clean up pollution from fossil fuel. The next president...
China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps
Nov 9 2016 // China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles...
Recent Cyber Attacks Reveal Dangers, Vulnerabilities of Internet of Things
Nov 8 2016 // Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things. The problem for the device makers,...
China Passes Controversial Cyber Security Law Despite Foreign Business Concerns
Nov 7 2016 // China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber...
China’s Online Insurer ZhongAn Launches Fintech Incubator
Nov 4 2016 // ZhongAn Online Property & Casualty Insurance Co. Ltd., China’s first online insurance company, has launched a fintech innovation company. The company, called Called ZhongAn Information and Technology Services Co....
China’s Controversial Cyber Security Law Progresses Despite Foreign Protests
Nov 1 2016 // A controversial Chinese cyber security law that has sparked protests from foreign governments and business groups neared approval on Monday as parliament held the third reading of the draft bill. The official Xinhua news...
Alibaba’s Finance Unit, Ant, to Focus on Asia Expansion – Before Going Global
Nov 1 2016 // Ant Financial Services Group, the world’s biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. Ant, Alibaba Group...
Swiss Re Covers China’s Economic Hub, Guangdong, for Nat Cats up to $350M
Oct 28 2016 // Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in...
Ironshore Int’l Offers Documents, Services in Mandarin for M&A Unit
Oct 27 2016 // Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The service involves a...
Ping An Insurance Executive Says Stock Considerably Undervalued
Oct 25 2016 // Ping An Insurance (Group) Co., the world’s second-largest insurer by market value, is undervalued by as much as 45 percent, a senior executive at the company said. The $94 billion company, whose businesses span...
Chinese Insurance Spree Continues as China Oceanwide Bids $2.7 Billion for Genworth
Oct 24 2016 // China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas. Monday’s deal...
Typhoon Haima Hits China as Weaker Storm; AIR Worldwide Comments
Oct 21 2016 // Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider...
Typhoon Haima Batters Philippines; Weakened Storm Heads to China
Oct 20 2016 // More than 90,000 people were evacuated after Typhoon Haima left vast areas of the Philippines flooded and without electricity as the strongest storm to hit the nation this year heads toward China. Haima, a Category 5 super...
Philippines Readies for Super Typhoon Haima – in 2nd Storm in a Week
Oct 19 2016 // The Philippines raised the storm alert for two northern provinces to its highest level as authorities moved people to safer ground, canceled work and suspended flights before Super Typhoon Haima is due to make landfall as...
U.S. Scrutiny of Fosun’s Ironshore Sends Signal on Other China Deals
Oct 12 2016 // Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs. China’s Fosun International Ltd. took that history to heart last year when it paid $1.84 billion for the remaining 80...
China to Encourage More Investments in Portugal (Including Insurance)
Oct 10 2016 // China will encourage more of its companies to invest in Portugal in areas such as finance, insurance, health care and infrastructure, President Xi Jinping has told the visiting Portuguese Prime Minister Antonio Costa. Both...
China’s Shenzhen Qianhai Reported to Be Buying Singapore Reinsurer ACR Capital
Oct 5 2016 // Shenzhen Qianhai Financial Holdings Co. is close to an agreement to buy ACR Capital Holdings Pte, a reinsurer backed by Singapore’s Temasek Holdings Pte, for about $1 billion, according to people with knowledge of...
China Insurance Market Ripe for Digital Disruption: Viewpoint
Oct 4 2016 // China’s tech giants — Baidu, Alibaba and Tencent — increasingly have a finger in every part of the economy. So why aren’t they bigger participants in what should be an easy sell online:...
Typhoon Meranti Insured Losses in China Could Top $1 Billion: AIR Worldwide
Sep 29 2016 // Insured losses on mainland China from September’s Typhoon Meranti are expected to fall between $650 million (CNY 4.3 billion) and $1.15 billion (CNY 7.7 billion). According to catastrophe modeling firm AIR Worldwide,...
