Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China
Feb 7 2023 // Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being...
5 Killed, 8 Missing in China Chemical Plant Explosion
Jan 19 2023 // BEIJING (AP) — A massive explosion at a chemical plant in northeastern China killed at least five people and left eight missing, state broadcaster CCTV said Monday. More than 30 other people were injured in the explosion...
Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant
Jan 9 2023 // Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was...
Chinese Regulators Approve Capital Raise of $1.5B for Ant Group
Jan 6 2023 // HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off...
Indiana Blocks Chinese-Owned App Tiktok from State Devices
Jan 3 2023 // Indiana has blocked the Chinese-owned social media app TikTok from state devices, its technology office said. The Indiana Office of Technology “blocked TikTok from being used in our state system and on our state...
Overseas Companies Welcome China’s Decision to End Quarantines for Visitors
Dec 28 2022 // Companies welcomed China’s decision to end quarantines for travelers from abroad as an important step to revive slumping business activity while Japan on Tuesday announced restrictions on visitors from the country as...
Chinese Electric Automaker Nio Hit by Ransomware Attack
Dec 22 2022 // China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and accessed data on users and vehicle sales, in the latest hacking incident to hit the global auto industry. The hackers had sent an...
China’s Sunshine Insurance Leans Toward Pricing HK IPO at Bottom of Marketed Range
Dec 6 2022 // Sunshine Insurance Group Co. is leaning toward pricing its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter. The Beijing-based firm is weighing whether to...
Police: 4 Dead at Oklahoma Pot Farm Were ‘Executed,’ Chinese Citizens
Nov 28 2022 // LACEY, Okla. (AP) – Police have identified a suspect in the slayings of four people at an Oklahoma marijuana farm but said they aren’t releasing a name because doing so could put more people in danger. Authorities...
Tesla Recalls More Than 80,000 Cars in China on Software, Seat Belt Problems
Nov 28 2022 // Tesla Inc. is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will...
China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources
Nov 22 2022 // China’s Fosun International Ltd. has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurance company Peak Re, four people with knowledge of the matter told Reuters. The sale...
China to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources
Nov 22 2022 // Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year...
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Nov 18 2022 // Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to...
Taiwan’s Financial Services Firms Cut China Exposure by 20% to Record Low
Nov 18 2022 // Taiwan’s financial institutions reduced their China exposure to a record low amid economic and political uncertainties, according to its top financial regulator. Total exposure to China at Taiwanese banks, insurers...
China’s Sunshine Insurance Gets Approval for $1 Billion IPO: Sources
Nov 18 2022 // China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $1 billion, according to people familiar with the matter. The...
Allianz CEO Baete Sees ‘Huge Opportunity’ From Asset Management in China
Nov 17 2022 // Allianz SE sees a “huge opportunity” from asset management in China because the nation needs to diversify overseas investments, its chief executive officer said. Chinese investors need to diversify, which...
Tesla Raises Insurance Incentives in China to Boost Purchases
Nov 8 2022 // Tesla Inc. said it has raised insurance incentives for car orders in China placed before Nov. 30, but reduced them for orders made next month, a move to urge consumers to place orders earlier. The U.S. automaker previously...
China Orders Fresh Lockdown in Industrial Park Around Major Apple iPhone Plant
Nov 3 2022 // China ordered an industrial park that houses an iPhone factory belonging to Foxconn 2317.TW to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell...
China’s Regulators Commit to Growth and Reforms, Seeking to Allay Foreign Concerns
Nov 2 2022 // China’s top financial regulators said on Wednesday that economic growth remains a priority and reforms and liberalization would continue, seeking to allay foreign investors’ fears that ideology could take...
China’s Fosun Weighs Options for Hong Kong-Based Peak Re: Sources
Oct 27 2022 // Fosun International Ltd. is weighing strategic options for its Hong Kong-based Peak Reinsurance Co. as the Chinese conglomerate looks to pay down debt, according to people familiar with the matter. Fosun is working with a...
