Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Fidelity Slashes Valuation of Restructured Ant Group of China
May 3 2021 // U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group, the Wall Street...
China Continues Crackdown on Fintech Firms
Apr 30 2021 // BEIJING — Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen compliance with regulations, the...
China Drafts Rules on Security of Data From Connected Vehicles
Apr 29 2021 // China published draft rules on Thursday to ensure the security of data generated by connected vehicles, as the proliferation of smart cars such as Teslas, fuels concerns about privacy and national security. Last month,...
China Reports Tanker Crash, Oil Spill in Yellow Sea
Apr 27 2021 // A tanker carrying around one million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on...
Citing China, Senators Bid to Accelerate U.S. Self-Driving Vehicle Industry
Apr 23 2021 // Two U.S. senators are working to attach legislation to allow automakers to deploy tens of thousands of self-driving vehicles on U.S. roads to a bipartisan China bill, a significant reform that could help speed the...
Chinese Military Reported to Be Behind Japan Cyber Attacks
Apr 21 2021 // China’s military is thought to have instructed a hacker group to conduct cyber attacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police...
China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud
Apr 19 2021 // SHANGHAI – China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as regulators vowed “zero tolerance” against accounting fraud...
China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources
Apr 19 2021 // HONG KONG – Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could...
China Forces Restructuring of Ant Group into Financial Holding Firm
Apr 13 2021 // BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing’s determination...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources
Apr 12 2021 // SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people...
China Revives Sale of Dajia Insurance, the Firm Created to Take Over Troubled Anbang
Apr 9 2021 // China is reviving a sale of Dajia Insurance Group Co., the company that took over most of the operations of troubled Anbang Insurance Group Co., as the government seeks to turn the firm over to private investors, according...
After Years of Waiting for OK, Genworth Ends Buyout by China’s Oceanwide
Apr 7 2021 // Genworth Financial Inc. has terminated a $2.7 billion buyout agreement with investment firm China Oceanwide Holdings Group Co., the U.S. insurer said on Tuesday. Originally proposed in October 2016, the merger was stalled...
Hundreds of Flights Canceled During China’s Worst Sandstorm in Decade
Mar 16 2021 // BEIJING – China’s capital and a wide swath of the country’s north were enveloped Monday in the worst sandstorm in a decade, leading to the cancellation of hundreds of flights. Skyscrapers in the center of...
China’s Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight
Mar 12 2021 // BEIJING – China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by authorities and the country’s overall tightening of financial technology...
China’s Microsoft Hack, Russia’s SolarWinds Attack Threaten to Overwhelm U.S.
Mar 10 2021 // China’s global attack on Microsoft’s popular email software revealed last week and an equally sprawling Russian attack discovered three months ago have created a two-front war that threatens to overwhelm...
Ant Group and China Regulators Agree to Restructuring Plan
Feb 3 2021 // Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into a financial holding company, making it subject to capital requirements similar to those for...
China’s Ping An Insurance Reports First Annual Drop in Profit Since 2008
Feb 3 2021 // BEIJING/SHANGHAI — Ping An Insurance Group Co of China Ltd , China’s largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business...
China Emphasizes Communist Party Leadership in Governance of Insurers, Banks
Jan 29 2021 // China’s banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both state-owned and private banks and insurers to contain corporate governance...
China Urges International Cooperation on Financial Services, Technology Regulation
Jan 28 2021 // SHANGHAI— China’s regulators want to step up exchanges with international counterparts and strengthen co-operation on anti-trust issues, data treatment and consumer protection, China’s central bank vice...
China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing
Jan 28 2021 // SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s...
