Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Emerging Markets to Drive Insurance Sector Growth in 2017: Swiss Re
Nov 28 2016 // The global economy is expected to grow moderately over the next two years, supporting continued growth in insurance premium volumes, according to a Swiss Re report. Growth in global non-life premiums is forecast to fall...
Allianz to Launch Subsidiary in China to Target Overseas Investments: Sources
Nov 28 2016 // German insurer Allianz is setting up a wholly-owned unit in Shanghai to launch hedge funds that invest abroad, three sources said, as some foreign managers prepare for China to ease curbs on overseas investments aimed at...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
Nov 21 2016 // China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s...
China’s Fosun International to Buy Stake in Portugual’s BCP for $185M
Nov 21 2016 // Fosun International Ltd. agreed to pay 174.6 million euros ($185 million) for a stake in Banco Comercial Portugues SA, Portugal’s biggest publicly traded lender by assets. A unit of Fosun will subscribe to about...
Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition
Nov 18 2016 // China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following criticism of it from overseas technology rivals. The...
China’s Anbang Insurance Set to Buy Toronto Tower for at Least $395M: Source
Nov 17 2016 // China’s Anbang Insurance Group Co. is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal. Anbang is...
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...
