Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
U.S., China, EU Vow Crackdown on Unsafe Products Sold Online; Eye Hoverboard Standards
Jun 28 2016 // U.S., European and Chinese regulators say they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The statement last week...
China’s Fosun to List U.S. Insurer Ironshore ‘As Soon as Possible’: Reuters
Jun 28 2016 // Fosun Group, China’s biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc “as soon as possible” this year, Guo Guangchang, the company’s billionaire co-founder...
China Close to Adopting Controversial Cyber Security Rules
Jun 27 2016 // China moved closer on Monday to adopting a controversial cyber security law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten...
For Alper Services, Insurance Is Just the Beginning
Jun 23 2016 // Though insurance is a major component of what it does, Chicago-based Alper Services doesn’t have the word “insurance” in its name for a reason. That’s because from the very beginning the company has...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
International Law Key to Mitigating South China, Other Maritime Risks: Allen
Jun 20 2016 // With non-military actors like coast guards increasingly active in the disputed South China Sea, former U.S. Coast Guard Commandant Thad Allen said international law was becoming even more important to keeping a lid on...
Chicagoland’s Alper Services: Doing Insurance Differently
Jun 20 2016 // Though insurance is a major component of what it does, Chicago-based Alper Services doesn’t have the word “insurance” in its name for a reason. That’s because from the very beginning the company has...
Global Disasters During May to Cost Insurers at Least $7B: Aon Report
Jun 9 2016 // Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model...
U.S. Insurer, Tech, Business Groups Balk at China’s Rules on Insurance Cybersecurity
Jun 2 2016 // Business groups from the U.S. and around the world protested planned cybersecurity rules for the insurance industry in China in a letter to the head of the nation’s insurance regulator. The draft regulations may...
Anbang Withdraws Application for New York Review of FGL Deal
Jun 1 2016 // Anbang Insurance Group Co. withdrew its application to the New York Department of Financial Services to acquire Fidelity & Guaranty Life and plans to refile “in the near future,” according to a regulatory...
EU Members Should Run Stress Tests for Banks’ Cyber Risks: EU Banking Chief
Jun 1 2016 // Domestic authorities in European Union member states should stress-test their financial institutions for cyber risks, a top EU supervisor said, saying banks might be required to hold extra capital as a buffer against what...
China Likely to Adopt Cyber Rules for Insurers Despite Foreign Business Concerns
May 31 2016 // Controversial cyber security regulations for China’s insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade Beijing to change...
China’s Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3
May 24 2016 // China’s second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial...
China’s Fosun Aims to Lead in Insurance, Tourism, Healthcare; Plans to Cut Debt
May 18 2016 // Fosun Group, China’s largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a “clear plan” to reduce its debts, chairman and co-founder Guo...
China Seeks Help from UK on Its Plans to Create Financial Super-Regulator
May 16 2016 // China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year’s stock market crash, sources with knowledge of the talks told...
Fosun to Focus Investments in Emerging Markets, Backing Off from U.S., Europe
May 6 2016 // Guo Guangchang, the Chinese billionaire and self-styled disciple of Warren Buffett, is looking to invest in emerging markets for the first time as his conglomerate backs off from its buying spree in developed...
AIG Selling $1.2 Billion Worth of Shares in China’s PICC P&C: Report
May 2 2016 // American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co. Ltd. (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the...
China Suspends New Registrations of Internet-Based Finance Firms: News Report
Apr 21 2016 // China suspended new registrations of finance companies nationwide as authorities started a crackdown on internet finance, business magazine Caixin reported, citing unidentified people familiar with the matter. Applicants...
White Mountains Closes $2.6B Sale of Sirius to China Minsheng Investment
Apr 19 2016 // White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal was first announced.Out of that...
Chubb Enters into Distribution Agreement with Chinese Retail Giant Suning
Apr 15 2016 // Chubb Ltd. announced it has entered into a long-term preferred provider distribution agreement with Suning, one of the largest and most recognized retail brands in China. Under the terms of the agreement, Chubb and Suning...
