Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Insurers Face Shadow Banking Default Risk: Ratings Agencies
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust...
Ping An Profit Rises, Along With Investment Returns
Oct 28 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said profit rose in the third quarter as banking revenue expanded and a stock-market rally bolstered investment returns. Net income climbed to 10.3...
LexisNexis and Jing You Plan China Joint Venture for Auto Carriers
Oct 23 2014 // LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China....
Towers Watson Predicts Moderate Global Growth, Downside Risks
Oct 22 2014 // Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular...
China’s Anbang Insurance to Acquire Waldorf Astoria for $1.95B
Oct 20 2014 // Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the storied hotel for the next 100 years as part of an...
AIA Group’s New Business Growth Up 23%
Oct 17 2014 // AIA Group Ltd., the second-largest insurer by market value based in Asia, posted a higher-than- expected value of new business growth of 23 percent in the third quarter, aided by expansion in its largest markets. The...
U.S. Eyes Sale of New York’s Waldorf Hotel to Chinese Insurer
Oct 15 2014 // Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company. U.S. officials said Monday...
China’s Fosun Hikes Offer for Portugal’s Espirito Santo
Oct 10 2014 // China’s Fosun raised its offer for Portugal’s Espirito Santo Saude (ESS) to 5.01 euros a share from 4.82 on Thursday, above U.S. firm UnitedHealth’s offer of 5 euros made directly to the bankrupt Espirito...
Best Upgrades Ratings of Taiping Reinsurance
Oct 9 2014 // A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Taiping Reinsurance Company Limited (TPRe) (Hong Kong). The...
Thousands to Get Damages in Chinese Drywall Suit, Louisiana Judge Says
Oct 8 2014 // A federal judge in Louisiana has ruled that nearly 4,000 homeowners who say Chinese drywall ruined their homes are eligible to share any further damages he may award in lawsuits against Taishan Gypsum Co. Ltd., a...
NYC’s Waldorf Astoria to Be Biggest Chinese Real Estate Purchase in U.S.
Oct 7 2014 // New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their...
Ex-Treasurer Paulson Defends AIG’s Harsh Loan Terms
Oct 6 2014 // American International Group Inc. received harsher terms than other financial institutions in the 2008 financial crisis because regulators needed to send a message to markets that government help would cost them, Henry...
Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B
Oct 6 2014 // Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion. Hilton...
Knowing Clean Technology Customers
Oct 6 2014 // In the next 10 years, the clean technology market is expected to increase by more than 60 percent to nearly $400 billion worldwide, according to Clean Edge’s Clean Energy Trends 2014 Report – creating an enormous...
China’s Fosun to Invest in European, Japanese Insurers
Sep 30 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is considering making more bets on insurers outside its home country, Chief Executive Officer Liang Xinjun said. “We...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
U.S. Jury Finds Arab Bank Liable Under Terrorist Financing Law
Sep 23 2014 // A U.S. jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the Islamic militant group in Israel and the Palestinian...
Cleaning Up China’s Contaminated Soil: Who Pays?
Sep 17 2014 // Nearly four years after a massive state-run steel mill on the outskirts of Beijing was closed to help cut smog in the Chinese capital, little has been done to clean up the contaminated site. The factory’s idled...
Typhoon Kalmaegi Approaches Hong Kong
Sep 15 2014 // Hong Kong issued its third-highest storm signal for the first time this year as Severe Typhoon Kalmaegi sweeps past China’s financial center. The Hong Kong Observatory raised the No. 8 Storm Signal at 10:30 p.m....
UK to Issue First Renminbi Bond; Lloyd’s of London Gets OK for Beijing Branch
Sep 15 2014 // Britain will become first Western government to issue an offshore bond in China’s renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world’s...
