Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Smith to Head Ironshore’s New Chinese Investment in U.S. Practice Group
Jun 15 2015 // Ironshore Inc. announced the formation of the Chinese Investment Practice Group, building upon its relationship with Fosun International, to identify Chinese investment opportunities in U.S.-based companies and assets....
Yangtze Ship Disaster Insurance Payout Estimated at $14.9 Million
Jun 11 2015 // China’s insurance regulator estimates the payout in the fatal Yangtze cruise ship capsizing last week, which killed more than 400 people, at around 92.5 million yuan ($14.91 million), the official Xinhua news agency...
Obama Seeks ‘Nimble, Aggressive, Well-Resourced’ Cyber Defense
Jun 9 2015 // President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has yielded growing signs...
Should U.S. Retaliate for Cyber Attacks?
Jun 9 2015 // The Obama administration should retaliate for a cyber-attack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. “There has to be a price...
G-7 Pushes for Zero Greenhouse Gas Emissions by End of This Century
Jun 8 2015 // Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change. The Group of Seven is pushing to...
UPDATE: Owner of Capsized China Ship Told to Dock Second Vessel, Inspect Fleet
Jun 4 2015 // The owner of a ship that capsized on China’s Yangtze River with 456 people aboard has been ordered to suspend operations of a second boat and carry out safety probes on its entire fleet, an official at the Yangtze...
Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster
Jun 3 2015 // PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the...
Renewed Safety Concerns as Chinese River Ferry Capsizes with 400 People Aboard
Jun 2 2015 // Rescuers in central China are scrambling to find survivors from a cruise ship carrying more than 400 people that overturned in the Yangtze river Monday night, as confirmation of passenger deaths begin to emerge. Five...
West Virginia Woman Suing Lumber Liquidators Over Chinese-Made Flooring
Jun 2 2015 // A West Virginia woman who purchased flooring from Lumber Liquidators is suing the company, citing reports its Chinese-made laminate flooring contains high levels of the carcinogen formaldehyde. Genevieve Baldwin filed suit...
China Broker Says Clients Can No Longer Borrow to Buy Ping An Shares
Jun 1 2015 // The brokerage unit of Chinese financial firm Shenwan Hongyuan Group Co Ltd will stop lending money to clients to buy shares in Ping An Insurance Group, the latest move in China’s drive to tighten margin financing...
Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions
May 29 2015 // A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge...
Update: Russell Investment Exits Joint Venture With China’s Ping An
May 19 2015 // Russell Investment Management and China’s Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese...
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
Chinese Drywall Maker’s 65% Owner Wants Out of Lawsuit
May 8 2015 // The majority owner of a company that made defective Chinese drywall says it should be dropped from a lawsuit with the potential for hundreds of millions of dollars in damages, because it does not manage the drywall...
Nepal Quake Biggest April Disaster: Aon Benfield/Impact Forecasting
May 8 2015 // Aon Benfield’s Impact Forecasting’s monthly catastrophe report for April highlights the catastrophic damage throughout Nepal, India, China, and Bangladesh, caused by the magnitude-7.8 earthquake that struck...
China Taiping Insurance Stock Jumps After Tech Moguls Join $1.7B Share Sale
May 8 2015 // China Taiping Insurance Holdings Co. jumped the most in more than six years after people with knowledge of the matter said China’s two richest technology moguls joined its $1.7 billion share sale. Taiping advanced 16...
China Taiping Insurance Plans to Raise $1.7 Billion in Private Share Sale
May 7 2015 // China Taiping Insurance Holdings Co. plans to raise HK$13.5 billion ($1.7 billion) in a private share sale after its stock price more than doubled in the past year. The insurer will sell 486 million shares at HK$27.74 a...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
May 4 2015 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
Uber’s Office in Southern China Raided by Government: Xinhua News Agency
May 1 2015 // Authorities in the southern Chinese city of Guangzhou have raided the local office of online ride-hailing service Uber on suspicion of “unlicensed operation,” seizing a number of mobile phones, the official...
Nepal Quake Death Toll Exceeds 6,200; Rebuilding Costs Rise to $2B
May 1 2015 // The death toll from Nepal’s devastating earthquake rose steadily past 6,200 on Friday as fresh aftershocks and the stench of rotting bodies made it hard for nervous survivors to return to their homes. Disposal of the...
