Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Sources Say China Revamps Anti-Money Laundering Rules for Banks Insurers
Apr 18 2013 // Chinese banks must rate their clients’ risk of criminal conduct on a scale of 1-5 as part of the central bank’s moves to curb money laundering and fraudulent transactions estimated at hundreds of billions of...
Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC
Apr 16 2013 // Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 cases in 2011, according to consultant PwC US in its annual securities litigation...
U.S. Business Groups Concerned by Cyber Security Law Aimed at China
Apr 10 2013 // The U.S.-China Business Council on Monday criticized a new U.S. law aimed at thwarting cyber attacks by discouraging the Justice Department and several other government agencies from buying information technology systems...
Analysis: Deadly New Bird Flu Virus Vindicates Controversial Research
Apr 8 2013 // Scientists in the Dutch city of Rotterdam know precisely what it takes for a bird flu virus to mutate into a potential human pandemic strain, because they’ve created just such mutant viruses in the laboratory. So, as...
Sources Say UBS Was Mystery Lender for Thai Group’s Ping An Deal
Apr 5 2013 // The mystery lender behind a Thai billionaire’s $9.4 billion purchase of a stake in China’s No.2 insurer was UBS, which offered the region’s fourth largest bridge loan ever and a complex financing package...
Aon Benfield Cat Report: Severe Winter Causes $1.8bn Econ. Loss in Europe
Apr 5 2013 // The latest catastrophe report for the month of March from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, highlights the sub-freezing temperatures across Europe, which have...
Scientists in Race to Gauge Pandemic Risk of New Bird Flu
Apr 3 2013 // Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired some mutations that might make it more likely to cause a human pandemic, scientists say. But there is no...
State Insurance Regulators Renew Pact with Chinese Regulators
Mar 29 2013 // U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance...
Emerging Powers China, Brazil Move Closer to Non-Dollar Trade Pact
Mar 27 2013 // China and Brazil agreed on Tuesday to swap up to the equivalent of $30 billion in each other’s currencies if need be so that their fast-growing commercial ties will not suffer if a new banking crisis causes dollar...
BRICS to Endorse Plans for Reserves Pool, Development Bank
Mar 22 2013 // Leaders of the world’s major emerging economies are likely to endorse plans at a summit next week to create a joint foreign exchange reserves pool and an infrastructure bank, senior emerging market officials said on...
Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Mar 21 2013 // Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on...
Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
U.S. Welcomes China Talks on Cyber Security
Mar 14 2013 // The White House on Wednesday welcomed China’s willingness to hold talks with Washington about cyber security threats, amid growing U.S. concerns about hacking attacks emanating from China. U.S. National Security...
President Obama Meeting with CEOs Over Increasing Cyber Threats
Mar 13 2013 // Cyber security threats against the United States are growing, President Barack Obama said before a meeting on Wednesday with corporate leaders about the issue, as concerns rise about hacking attacks emanating from...
Iran’s March Crude Exports Fall to Lowest Since Sanctions Began
Mar 12 2013 // Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions...
China PICC Group Sees Shanghai Listing in 2013 Second Half
Mar 11 2013 // Chinese state-owned People’s Insurance Company of China Group (PICC), one of the country’s largest insurers, could complete an A-share listing in Shanghai in the second half of this year, the firm’s...
EU Parliament Head Sees ‘Enormous Opportunity’ in U.S. Trade Deal
Mar 8 2013 // The head of the European parliament has come out firmly in favor of a trade deal with the United States, soothing concerns that the increasingly influential body could block a deal on which talks are due to start in...
Aon Benfield February Cat Report:U.S. Winter Storms; Russian Meteor
Mar 6 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disasters that occurred...
Commentary: The Near Impossible Battle against Hackers Everywhere
Feb 25 2013 // Dire warnings from Washington about a “cyber Pearl Harbor” envision a single surprise strike from a formidable enemy that could destroy power plants nationwide, disable the financial system or cripple the U.S....
Penn. Court: ‘Single Occurrence’ Applies for Drywall Claims Arising From One Shipment
Feb 21 2013 // The U.S. District Court in Pennsylvania ruled last week that multiple claims that arose from allegedly defective drywall that the insured entity imported in one single shipment from China should be considered a...
