Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Va. Retailer Lumber Liquidators Faces Safety Inquiry
Mar 26 2015 // The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde. Chairman...
Shipping Losses Down in 2014 But New Threats Loom: Allianz
Mar 26 2015 // Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual...
China Faces Severe Threats From Climate Change: Beijing-Based Meteorologist
Mar 25 2015 // Chinese officials don’t usually go into detail on the challenges that climate change poses for the world’s most populous and largest carbon-emitting country. But in a speech on March 23, a top meteorologist...
Ping An Profit Jumps 40% in 2014 on Strong Investment Returns
Mar 20 2015 // Ping An Insurance (Group) Co., China’s second-biggest insurer, rose to the highest in more than four years in Hong Kong stock trading on Thursday after it said profit jumped 40 percent last year. The shares advanced...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
Mar 19 2015 // Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter...
Lloyd’s Opens Branch Office in Beijing to Access New Chinese Business
Mar 18 2015 // Lloyd’s opened a branch office in Beijing to access new business and forge closer links with business partners in China’s capital. Lloyd’s also appointed Songlin Chen, as general manager of the Beijing...
A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions
Mar 12 2015 // China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk,...
Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
EU Submits U.N. Climate Pledge; Urges U.S., China to Follow
Mar 9 2015 // The European Union on Friday submitted its formal promise on how much it will cut greenhouse gas emissions to the United Nations ahead of climate change talks starting in November and called on the United States and China...
Report on Missing Malaysia Airlines Flight 370 Says Locator Battery Expired
Mar 9 2015 // The Malaysia Airlines flight that went missing one year ago Sunday had an underwater locator beacon whose battery had expired in December 2012, according to an interim report on the incident. Flight 370 was also carrying...
China Says Tech Firms Have Nothing to Fear From Draft Anti-Terror Law
Mar 4 2015 // China’s proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after U.S. President Barack Obama warned of its impact and demanded...
China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk
Mar 4 2015 // China’s Premier Li Keqiang has told the world’s fastest-growing major insurance industry to boost capital as rating companies warn of shadow-banking investments. Policy providers will need cushions commensurate...
China’s Draft Counter-Terrorism Law Alarms Foreign Technology Firms
Feb 27 2015 // China is weighing a far-reaching counter-terrorism law that would require technology firms to hand over encryption keys and install security “backdoors,” a potential escalation of what some firms view as the...
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit
Feb 26 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in China and Hong Kong. Net income climbed to $3.45...
FBI Says It’s Close to Identifying Anthem Hackers
Feb 25 2015 // The FBI said it’s close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of Investigation officials...
China’s Anbang Insurance to Recapitalize Vivat, Former SNS Reaal Unit
Feb 17 2015 // Anbang Insurance Group Co., which bought New York’s Waldorf Astoria Hotel, will increase the capital of Dutch insurer Vivat by as much as 1 billion euros ($1.14 billion) after agreeing to buy the company. Anbang,...
Starwood Capital to Sell NYC’s Baccarat Hotel to Chinese Insurer for $230M
Feb 9 2015 // Barry Sternlicht’s Starwood Capital Group agreed to sell New York’s luxury Baccarat Hotel to an affiliate of China’s Sunshine Insurance Group. The 114-room property on Manhattan’s West 53rd Street...
States Begin Investigating Insurer Anthem’s Data Breach
Feb 6 2015 // Several U.S. states are investigating a massive cyber attack on No. 2 U.S. health insurer Anthem Inc that a person familiar with the matter said is being examined for possible ties to China. Anthem disclosed the attack...
TransAsia Turboprop Crashes Near Taipei; 2nd Fatal Accident Within Year
Feb 4 2015 // A TransAsia Airways Corp. turboprop plane crashed into a river near Taipei moments after taking off, killing at least 19 of the 58 people on board in the second fatal accident in less than a year for the Taiwanese...
Asia’s Top-Performing Hedge Fund Bullish About China Insurers
Jan 27 2015 // Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help...
