Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Regulator Urges Insurers to Avoid ‘Reckless’ Offshore Investments: Report
Feb 9 2017 // A senior Chinese insurance regulator warned against the industry’s reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities Times reported...
Trump Orders U.S. Exit from Pacific Trade Pact and Reset on NAFTA
Jan 23 2017 // President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North...
China Plans to Lower Restrictions on Foreign Investment in Financial Services
Jan 18 2017 // China’s cabinet issued measures on Tuesday to further open the world’s second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will...
26% of Natural Disaster Economic Losses in 2016 Were Insured: Aon Benfield Cat Report
Jan 17 2017 // Overall, just 26 percent ($54 billion) of overall economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower insurance...
Exiting U.S. Trade Rep Urges Trump to Uphold Trans-Pacific Trade Deal
Jan 11 2017 // President Barack Obama’s departing chief trade negotiator warned the Trump administration on Tuesday that it risked abdicating U.S. leadership in Asia by scrapping Obama’s 12-country Pacific Rim free trade...
China in Midst of Insurtech Boom: Opinion
Jan 9 2017 // While China’s fintech boom continues unabated, another fast-growing phenomenon has gone almost unnoticed — so-called insurtech, the latest industry to be spawned by the intersection of online finance and the...
China Regulator Proposes Insurer Ownership Limits to Curb Risky Investments
Jan 5 2017 // Proposed ownership limits at Chinese insurance companies could effectively stop conglomerates such as China Evergrande Group and Baoneng Group from using their insurance units to help fund acquisitions and riskier...
Israeli Government Opposes Sale of Insurers to Chinese Investors: Source
Jan 4 2017 // Israel’s Finance Ministry opposes the sale of insurance companies to Chinese investors because it’s hesitant to put pension money in their hands, a senior government official said, a stance that could bode ill...
Chinese M&A to Continue Despite Regulatory, Policy Hurdles: A.M. Best
Dec 30 2016 // While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of uncertain economic outlook...
China Unveils Plans to Allow More Foreign Financial Services Investments
Dec 30 2016 // China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. The moves could ease...
China Vows Cybersecurity Hard Line, Including Use of Military
Dec 27 2016 // China will use all necessary means to protect its information security, including the use of its military, striking a hard line in the country’s first strategic report on cybersecurity. Zhao Zeliang, director general...
Hong Kong Agents, China Insurers Face Tech-Related Disruptions: 2017 Predictions, Part 4
Dec 22 2016 // The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a...
China’s Regulator Toughens Insurer Licensing Requirements: Sources
Dec 22 2016 // China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people...
Zhongan Online P&C Insurance Pulls H.K. IPO Plans; China Listing Eyed: Sources
Dec 21 2016 // Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is instead focusing on a listing in mainland China, people familiar with the matter said. Lukewarm overseas...
Urine Test for Fatigue Could Help Prevent Accidents
Dec 8 2016 // Doctors, pilots, air traffic controllers and bus drivers have at least one thing in common — if they’re exhausted at work, they could be putting lives at risk. But the development of a new urine test, reported in...
ThyssenKrupp’s Trade Secrets Targeted in ‘Massive’ Cyber Attack
Dec 8 2016 // Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the...
Uber Drivers in Taiwan Threatened with Fines of $780,000 in Draft Rules
Dec 6 2016 // Investors and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber Technologies Inc., one of Silicon Valley’s most disruptive...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
China’s Insurers Have Major Risk Management Deficiencies, Warns Regulator
Dec 5 2016 // Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman...
Chinese Insurers May Hike Overseas Investments by $100B over 3 Years: BNP Paribas
Dec 1 2016 // Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real estate, BNP Paribas said on...
