Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Boeing 737 Max, Operated by Indonesia’s Lion Air, Crashes with 189 on Board
Oct 29 2018 // A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three...
China’s Swine Fever Outbreaks Blamed on Feeding Kitchen Waste to Pigs
Oct 25 2018 // China’s agriculture ministry said on Wednesday it would ban the feeding of kitchen waste to pigs after linking the practice to the majority of the early cases of African swine fever. The statement from the Ministry...
U.S. Hog Farmers on Alert Over African Swine Fever Disease
Oct 23 2018 // U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and...
China Insurer PICC Cuts Size of IPO in Response to Collapse in Market Prices
Oct 22 2018 // The People’s Insurance Company (Group) of China Ltd., the nation’s largest property insurer, cut the size of a planned first-time domestic share sale and indicated it will proceed when the market improves. The...
Update: Swiss Re Weighs Investment in Chinese Insurer Anbang, Say Sources
Oct 21 2018 // China’s attempts to find new investors for Anbang Insurance Group Co. are gathering pace, as Cerberus Capital Management LP to Swiss Re AG size up the embattled insurer and its overseas operations. Cerberus and Swiss...
Softbank Plans Big Push into Insurance Investments
Oct 16 2018 // Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive...
Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources
Oct 16 2018 // Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge...
Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report
Oct 11 2018 // Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for...
U.S. Treasury Rules Strengthen Oversight of Foreign Investors
Oct 11 2018 // Foreigners seeking to invest in U.S aircraft and missile manufacturers, semiconductors or two dozen other industries would face heightened scrutiny by a government committee wielding stronger powers, under rules the Trump...
Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms
Oct 11 2018 // Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail
Oct 10 2018 // Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up crisis-prevention efforts as the nation’s debt burden and financial risks...
U.S. Warns of New Cyber Attacks by Group with China Ties
Oct 4 2018 // The U.S. government on Wednesday warned that a hacking group widely known as cloudhopper, which Western cybersecurity firms have linked to the Chinese government, has launched attacks on technology service providers in a...
China’s Debt-Ridden Anbang Insurance Aims to Sell $200M of Japan Real Estate: Sources
Sep 26 2018 // Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge...
Insured Losses from China’s Typhoon Mangkhut Estimated at US$1B-US$2B: AIR
Sep 26 2018 // Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between US$1 billion and US$2 billion, according to catastrophe risk modeling firm AIR Worldwide. After making landfall in the...
Congress on Track to Double Size of U.S. Overseas Investment Agency
Sep 26 2018 // The head of the main U.S. agency for aiding developing country infrastructure projects said on Monday the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S....
Major Oil and Gas Firms Pledge to Cut Greenhouse Gases to Fight Climate Change
Sep 25 2018 // A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change. The Oil and Gas Climate Initiative (OGCI),...
Global Insurers in Mood to Take on New Investment Risks
Sep 18 2018 // Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan...
Hong Kong, Southern China Restoring Operations After Super Typhoon
Sep 17 2018 // The financial hub of Hong Kong began clearing up on Monday after being battered by one of the strongest typhoons in recent years, with financial markets and offices operating as normal. Super typhoon Mangkhut, with...
Super Typhoon Mangkhut Targets China After Killing More Than 50 in Philippines
Sep 16 2018 // A super typhoon made landfall in China’s Guangdong on Sunday, the country’s most populous province, after wreaking havoc in Hong Kong and Macau and killing potentially more than 50 people in the...
Hanover Insurance to Sell Specialty Unit Chaucer to China Re for $950 Million
Sep 13 2018 // The Hanover Insurance Group has agreed to sell Chaucer, its Lloyd’s-focused international specialty business, to China Reinsurance Group Corp. for total proceeds of $950 million. The Hanover had indicated in March it...
