Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Goldman Leads Wall Street Tapping Taiwan Cash Pile
Sep 10 2014 // Wall Street banks, including Goldman Sachs Group Inc. and Citigroup Inc., are rushing to issue U.S. dollar bonds in Taiwan after a rule change unlocked $586 billion of funds held by the island’s insurance...
Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered
Sep 2 2014 // Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer...
After Food Safety Scares, China Retailer Offers Baby Milk Insurance
Aug 22 2014 // A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concerns about food safety in China. Suning Commerce Group Ltd, which owns...
Ping An Profit Rises 19% on Higher Bank Revenue, Premium Income
Aug 20 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit grew 19 percent as premium income climbed and banking revenue increased. Net income rose to 21.4 billion yuan ($3.5 billion), or a...
Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.
Aug 19 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said. Fosun is seeking...
Tennessee-Based Community Health Reports 4.5M Records Hacked
Aug 19 2014 // Chinese hackers stole social security numbers, names and addresses from 4.5 million patients of Community Health Systems Inc., the second-biggest for-profit U.S. hospital chain, according to the company. The attacks...
China Investment Firm Fosun Buying Stake In Ironshore
Aug 18 2014 // An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in June. Fosun International Ltd....
Typhoons a Major Cause of Losses in July: Aon Benfield – Impact Forecasting
Aug 7 2014 // The latest edition of Aon Benfield’s Impact Forecasting’s Global Catastrophe Recap report concludes that Super Typhoon Rammasun, which made separate landfalls in the Philippines and China, caused widespread...
Dutch firm Fugro to Lead Australian Subsea Search for Malaysia Airlines Jet
Aug 7 2014 // Dutch oil industry services firm Fugro is to lead Australia’s search of the Indian Ocean seafloor where missing Malaysia Airlines flight MH370 is believed to lie, hoping to solve the mystery of its disappearance five...
Swiss Re Sees Consolidation in Reinsurance amid Price Squeeze
Aug 7 2014 // Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us...
Death Toll in Southern China Quake Rises to 589
Aug 7 2014 // The death toll in southern China’s earthquake jumped from 410 to 589 on Wednesday as search and rescue teams found scores more bodies while pushing into isolated mountain communities to clear debris from collapsed...
Shallow M6.1 Earthquake Causes Severe Damage in China: AIR Analysis
Aug 5 2014 // According to catastrophe modeling firm AIR Worldwide the Mw6.1 earthquake that struck south-central China’s Yunnan Province “was the strongest to strike the area in 14 years. The epicenter was near the township...
Strong Earthquake Kills at least 34 in Southern China
Aug 4 2014 // A strong earthquake in southern China’s Yunnan province toppled houses on Sunday, killing dozens of people and injuring more than 100, officials and state media reported. Yunnan’s seismological bureau said 24...
China Car Parts Plant Explosion Kills 69, 187 Injured
Aug 4 2014 // A suspected dust explosion at an automotive parts factory in eastern China that supplies General Motors killed at least 69 people and injured more than 180 others, most with severe burns, state media reported Sunday. It...
Taiwan Probes Potential Pipeline Leak after Gas Explosions Kill 28 People
Aug 4 2014 // Taiwan authorities are preparing to inspect thousands of miles of pipeline after the government blamed the island’s deadliest industrial accident on a chemicals company. Shares of petrochemicals declined. Preliminary...
Energy Market Dynamics of Shifting Shale
Aug 4 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
Chinese Drywall Maker Ordered to Pay $55,000, Stop Doing Business in U.S.
Aug 4 2014 // A federal judge in New Orleans has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees – and to stop doing business in the United States – as punishment for refusing to take part in...
New Suit Filed in Louisiana Claims Chinese Drywall Destroyed Homes
Aug 1 2014 // Lawyers for people who say their homes were wrecked by defective drywall made in China have filed a new lawsuit against the manufacturers and a new defendant — the Chinese Cabinet agency that oversees the country’s...
Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive
Jul 28 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL)...
AIA First-Half New Business Value Rises 23%, Led by China
Jul 25 2014 // AIA Group Ltd., the second-largest Asia-based insurer, posted a 23 percent increase in new business value in the first half, beating analyst estimates and exceeding the full-year figure for 2010 when it went public. The...
