Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Willis China Unveils New Leadership Team to Drive Expansion
Jan 23 2015 // Willis Group Holdings plc, the global risk adviser, insurance and reinsurance broker, has announced a group of internal promotions and moves to strengthen the Willis China leadership team. Mitchell Ma has been appointed as...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
U.K. Power Grid Under Cyber-Attack Every Minute; Government Hikes Defenses
Jan 9 2015 // The U.K. government is one step ahead of hackers trying to turn off the country’s lights — for now. The prospect of cyber-attacks on the nation’s power network is major threat to the country’s...
China’s Fosun to Buy Meadowbrook Insurance for $433M
Dec 31 2014 // China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash. Fosun said that the acquisition...
Anbang Expands Reach With Diverse Investments in China, Europe & US
Dec 19 2014 // Anbang Insurance Group Co., the Chinese insurer that’s buying New York’s Waldorf Astoria hotel, is expanding at home with investments from China Minsheng Banking Corp. to Financial Street Holdings Co. The...
China Forms 1st Insurance Fund to Cap Financial Risk in Shadow Banking
Dec 19 2014 // China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country’s banking regulator said. The fund, jointly established by China...
China Journal Says Planned Insurance Trust Fund to Start with $6.5 Billion
Dec 16 2014 // A planned insurance fund for China’s trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing unidentified officials...
Climate Researchers Lower Global Warming Forecast on Plans to Cut Emissions
Dec 8 2014 // Climate researchers lowered their forecast for global warming for the first time since 2009 after the greenhouse gas polluters agreed to limit their emissions over the next 15 years, a group of European academics...
Virginia Drywall Victims Get Settlement Checks, but Many Are Still Ruined
Dec 5 2014 // The settlement checks have been arriving without fanfare in the mailboxes of 262 Virginia families whose homes were built with toxic Chinese-made drywall. It’s the first money that many of the families in a...
Ping An Insurance Said to Make Offer for Frankfurt’s The Squaire
Dec 5 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, has submitted a bid for The Squaire building in Frankfurt, people with knowledge of the matter said. The Squaire, a ship-like office and hotel complex...
China’s Ping An to Raise $4.75 Billion in Hong Kong Share Sale
Dec 1 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said it will raise HK$36.8 billion ($4.75 billion) in Hong Kong’s biggest share sale in almost two years to replenish equity and working...
China Re to Underwrite at Lloyd’s, Syndicate to Be Managed by Catlin
Nov 21 2014 // China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially...
Hong Kong’s Appeal to Financial Community Survives Protests: Poll
Nov 18 2014 // Hong Kong’s appeal to the financial community has withstood pro-democracy protests that threatened to become the city’s biggest political crisis in decades, according to a Bloomberg Global Poll. Eighty-seven...
Anbang Insurance Plans $2 Billion IPO, on Heels of Waldorf Astoria Purchase
Nov 12 2014 // Anbang Insurance Group Co., the Chinese insurer buying New York’s Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter said. The...
Waldorf Sale to Chinese Firm Risks U.S. Review Over Spying Concerns
Nov 9 2014 // For years, high-profile guests at New York City’s landmark Waldorf Astoria hotel could be assured their private conversations wouldn’t be overheard by anyone — except, perhaps, by U.S. spies. That may be...
China’s Ping An Gets Approval to Raise Capital in Hong Kong Share Sale
Nov 7 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, won regulatory approval for a private placement that may amount to as much as $5 billion, Hong Kong’s biggest share sale in almost two years. The...
U.S. Didn’t Reveal Potential Chinese AIG Rescue, Ex-CEO Testifies
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert...
China Moving to Ease Rules on Foreign Participation in Financial Services
Nov 5 2014 // China is moving to raise its global competitiveness by loosening restrictions on foreign investment in more manufacturing and services sectors, the country’s top regulator said. In a draft foreign investment catalog...
China’s PICC P&C Plans $1.2 Billion Rights Offer
Nov 5 2014 // PICC Property & Casualty Co., China’s biggest non-life insurer, said it plans to raise 7.25 billion yuan ($1.2 billion) in a rights offer in Hong Kong and China to replenish capital. The shares dropped. The...
Audi Cars in China Recalled Over Airbags From German Supplier
Oct 29 2014 // FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG, will recall 270,635 Audi cars in China due to an air bag software issue, China’s quality watchdog said. A spokeswoman at Audi China said the...
