Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Report from China Says Climate Talks Stymied by Political Interests
Aug 24 2009 // Little progress has been made so far on a new pact to combat global warming, with “commercial and political interests” continuing to prevail, China’s senior climate change official said on Monday. The...
AIG to Sell Hong Kong Consumer Finance, India IT Units
Aug 12 2009 // American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia,...
U.S. and China Sign Memorandum on Climate Change
Jul 29 2009 // The United States and China, the world’s largest emitters of greenhouse gases, signed an agreement Tuesday that promises more cooperation on climate change, energy and the environment without setting firm...
New York Regulator Signs Cooperation Agreement with China
Jul 28 2009 // The New York State Insurance Department has signed a cooperation agreement with regulators in China calling for closer cooperation between the two agencies in overseeing insurance issues. Acting Superintendent Kermitt...
AIR Analyzes China Quake
Jul 13 2009 // According to catastrophe risk modeling firm AIR Worldwide, at 7:19 p.m. local time (11:19 UTC) on Thursday, July 9, a moderate earthquake struck China’s southwest Yunnan province. The USGS issued a moment magnitude...
G8 Eyes Climate as Summit Includes Emerging Powers
Jul 9 2009 // Leaders of the world’s richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
RMS Completes Micro-Insurance Quake Project for Rural China
Jun 8 2009 // Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake...
Ratings Roundup: Fortis, Patria Re, CIRe
Jun 5 2009 // Standard & Poor’s Rating Services said today that it affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V....
Ratings: Allianz (Italy), Hatherley, Jamaica, China Ins. (Singapore), Arab Orient
Jun 2 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the...
China’s CNinsure Acquires Hongzhengda
Jun 1 2009 // CNinsure Inc., China’s largest independent insurance intermediary, announced the “signing of definitive agreements to acquire 100 percent equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss...
European Union, China Rebuild Ties; Seek ‘New Global Order’
May 20 2009 // The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate...
AIG Launches IPO Process for Asian ‘Crown Jewel’
May 18 2009 // American International Group said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible. The...
New H1N1 Flu Virus Not Quite a Pandemic-Yet, Says WHO
May 12 2009 // The new H1N1 virus shows no signs of sustained person-to-person spread outside of North America and so has not yet tipped over into a pandemic, a top World Health Organization official said Monday. Dr. Keiji Fukuda, acting...
Five Virginians Sue over Chinese Drywall
May 4 2009 // Five Hampton Roads homeowners are seeking more than $5 million in a lawsuit filed against a local developer, a distributor and a Chinese drywall manufacturer. The homeowners claim the companies were negligent for selling...
Amex, Allianz Raise $1.9 Billion in ICBC Stake Sales
Apr 28 2009 // German insurer Allianz and U.S. credit card group American Express raised a combined $1.9 billion on Tuesday through the sale of shares in Chinese banking giant Industrial and Commercial Bank of China (ICBC). The move was...
China, Taiwan Sign Landmark Financial Services Agreements
Apr 27 2009 // Taiwan and China signed a series of landmark agreements on Sunday laying the groundwork for a flood of investment in financial services to flow across the Taiwan Strait for the first time in six decades. The agreements are...
Moderate Earthquake Rattles Northwest China; No Injuries Reported
Apr 20 2009 // Chinese seismological authorities say a moderate earthquake registering a magnitude of 5.5 Sunday struck China’s far western Xinjiang region. No injuries were immediately reported. An official from the Xinjiang...
