Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million...
Insurer Offers Bail Out to U.S. Government
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
China Buys U.S. Surplus Lines Industry
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Chinese Bullet Train Maker Halts Some Production
Aug 12 2011 // A Chinese bullet train manufacturer has halted some production while it investigates repeated breakdowns on the new Beijing-Shanghai line. China North Locomotive and Rolling Stock’s announcement is the latest setback...
Aon Benfield Sponsors Updated Atlas of Natural Disaster Risk in China
Aug 11 2011 // Reinsurance broker Aon Benfield has sponsored the third edition of the Atlas of Natural Disaster Risk in China, a Chinese government research project that for the first time looks at how hazard, vulnerability and exposure...
Sources Say New China Life Files for up to $4 Billion IPO
Aug 11 2011 // New China Life, the country’s third-largest life insurer, has filed an application to list in a dual Hong Kong and Shanghai IPO, sources said, braving volatile markets to raise up to $4 billion. New China Life, in...
Typhoon Muifa Drops Heavy Rains on Philippines; Moving to China
Aug 5 2011 // Catastrophe modeling firm AIR Worldwide is currently tracking Typhoon Muifa as it moves across the Pacific Ocean towards mainland China, after delivering heavy rain to the Philippines Tuesday and Wednesday. Muifa is...
Raids by Cyber Thieves Are Unlikely to Stir Faster Global Action
Aug 4 2011 // A major new hacking attack underscores that governments and companies are losing the war against cyber thieves, but it’s unclear if the disclosure will prompt quicker global action against online break-ins. A U.S....
Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
U.S. Experts Blame a Government for Cyber Attacks; Is It China?
Aug 3 2011 // Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organizations including the United Nations, governments and companies around the...
China Mulls Creation of New Regulator for State Financial Sector
Aug 3 2011 // China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen...
NZ Minister Says Deal in Global Climate Talks ‘Still within Reach’
Jul 27 2011 // A global deal on a pact to succeed the U.N.’s main climate agreement is still within reach but will not be struck this year, with the pace of talks still far too slow, New Zealand’s top climate negotiator said...
Chinese Drywall Supplier Told to Release Insurance Details
Jul 27 2011 // A South Florida judge has ruled that a Miami-based supplier of tainted Chinese drywall must disclose more details about a proposed $55 million class-action settlement. A Broward County judge ruled that Banner Supply Co....
More U.S. Lawsuits Target Chinese Reverse Mergers
Jul 26 2011 // Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping their losses even if they win. More than one-fourth of the 94 U.S....
China Launches Safety Campaign After Deadly Train Crash
Jul 26 2011 // China’s rail minister, facing public outrage over Saturday’s deadly train crash, has ordered a two-month safety review of railway operations and apologized for the accident which killed 39 people, state media...
Fake Apple Store Cuts to Core of China’s Risk to Brands
Jul 22 2011 // A fake Apple store in China, made famous by a blog that said even the staff working there didn’t realize it was a bogus outlet, is probably the most audacious example to date of the risks Western companies face in...
Floridians Await Chinese Drywall Settlement Monies
Jul 21 2011 // Florida residents whose homes were built by inferior Chinese drywall stand to gain a total of $55 million, but no one can say right now how much any individual homeowner might actually collect. A federal judge approved a...
U.S. Judge Allows Shareholder Suits Against China Accountants
Jul 21 2011 // The fourth time was the charm for shareholders suing the auditors of Shenzhen-based China Expert Technology. China Expert shareholders have been trying unsuccessfully to sue the company’s accounting firms for failing...
U.S. Building Supply Firm Sues Chinese Drywall Maker
Jul 19 2011 // A Florida building supply company is suing a German conglomerate for $100 million over defective Chinese drywall installed in tens of thousands of homes. Banner Supply Co. charged in the lawsuit that Knauf Gips made false...
China’s People Insurance Group Plans $5 Billion IPO
Jul 18 2011 // State-owned People’s Insurance Company of China Group (PICC), one of the country’s largest insurers, plans to raise $5 billion to $6 billion in an initial public offering in Hong Kong and Shanghai, IFR reported...
