Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Provides Assurances that Evergrande Crisis Is Being Contained
Oct 18 2021 // For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.” That phrase is now making...
China Urges Development of Accident Insurance, Pension Products for Gig Workers
Oct 18 2021 // China’s top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as couriers and takeout...
Ping An’s Big Drop in Market Value Driven by Investor Wariness Over China Uncertainties
Oct 14 2021 // China’s Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, it’s now...
China’s Anti-Graft Watchdog to Inspect Financial Regulators, State Banks, Insurers
Oct 13 2021 // China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial system. A team led...
China Evergrande Misses 3rd Round of Bond Payments, Intensifying Contagion Fears
Oct 12 2021 // HONG KONG – China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations...
Pentagon Ex-Software Chief Claims China Has Already Won AI Battle
Oct 12 2021 // China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial...
China Tells Insurers, Banks They Must Ensure Coal, Power Financing Needs Are Met
Oct 5 2021 // China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal and power sectors are met so that consumer heating during winter is not affected. Beijing...
Hong Kong Firms, Including FWD, Are Flagging China Risks in U.S. IPO Filings
Sep 30 2021 // Hong Kong-based companies with little to no presence in mainland China are the latest to warn about the risks they face from Beijing’s crackdown on businesses, in a further sign of enhanced disclosures sought by...
Cash-Strapped China Evergrande Sells Bank Stake to Repay Loan
Sep 29 2021 // Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday, despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake...
Why China Evergrande’s Debt Problems Pose Systemic Risk
Sep 27 2021 // China Evergrande Group has missed a dollar bond interest payment deadline, moving closer to a potential default and fueling worries about a collapse that could send shockwaves through China’s economy and beyond. WHAT...
Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake
Sep 27 2021 // Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the...
Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit
Sep 24 2021 // SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent...
India Likely to Block Chinese Investment in IPO of Insurance Giant LIC: Reuters
Sep 23 2021 // New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring...
China Will Not Build Coal-Fired Power Plants Abroad, Says Xi, in Climate Pledge
Sep 22 2021 // UNITED NATIONS — Chinese leader Xi Jinping said on Tuesday that China would not build new coal-fired power projects abroad, using his address at the United Nations General Assembly to add to pledges to deal with...
Tourists from China Sue After Deadly Utah Tour Bus Crash
Sep 17 2021 // The state of Utah didn’t do enough to make sure a remote highway was safe before a tour bus crashed, killing four people from China and injuring two dozen more in 2019, family and survivors said in a lawsuit filed...
Typhoon Chanthu’s Rains, Winds Threaten China Coastal Regions
Sep 13 2021 // Authorities in Shanghai and neighboring coastal regions canceled flights, and suspended schools, subways and trains as Typhoon Chanthu approached China after drenching Taiwan though causing little damage there. The storm,...
Chinese Regulators Seek More Control Over Internet Firms’ Algorithms
Aug 30 2021 // Chinese regulators will exercise greater control over the algorithms used by Chinese technology firms to personalize and recommend content, the latest move in a regulation spree across the internet sector. China’s...
China’s Regulator Probing Ping An Insurance’s Property Investments: Reuters
Aug 30 2021 // SHANGHAI — China’s banking and insurance sector regulator is probing Ping An Insurance Group Co. of China Ltd.’s investments in the property market, two people with knowledge of the matter said, after the...
China’s Cities Aren’t Prepared for Extreme Weather Caused by Climate Change
Aug 25 2021 // Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the damage. Record-breaking rainfall in the central province of Henan killed more...
China Regulators Step Up Scrutiny of Online Insurance Platforms in Widening Crackdown
Aug 13 2021 // China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that has roiled global investors. The regulator ordered companies and...
