Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
US Security Group Suspects Chinese Military Unit behind Hacking Attacks
Feb 19 2013 // A secretive Chinese military unit is believed to be behind a series of hacking attacks, a U.S. computer security company said, prompting a strong denial by China and accusations that it was in fact the victim of U.S....
Syndicates Increasingly Using Lloyd’s China Platform
Feb 4 2013 // “A growing number of syndicates are using Lloyd’s platform by placing their own underwriters in China,” says an article on the Lloyd’s website. “This, along with a license granted in 2012 to...
China Approves HSBC Sale of Remaining $7.5 Billion Ping An Stake
Feb 1 2013 // China has approved the sale of HSBC’s remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand’s richest man, giving the green light to the country’s biggest inbound M&A...
China Insurance Watchdog Warns Sector of Cash Crunch, Low Returns
Jan 25 2013 // Some Chinese insurers may face a cash crunch this year as many policies mature, and as the sector faces sliding investment returns and rising costs, the China Insurance Regulatory Commission (CIRC) said. Insurance...
California AG Sues Apparel Makers in China and India over Pirated Software
Jan 24 2013 // California Attorney General Kamala D. Harris filed lawsuits on Thursday against two international apparel manufacturers for gaining an unfair advantage over American companies by using pirated software in the production of...
Generali’s BSI Lures Brazilian, Chinese Bidders: Sources
Jan 22 2013 // Brazilian-Swiss bank Safra and a Chinese bank are among the three bidders for Generali SpA’s Swiss private bank, BSI, in a deal worth€ 2 billion ($2.668 billion) that could help the Italian insurer shore up capital...
Ratings Roundup: New India Assurance, South China Insurance
Jan 18 2013 // A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of The New India Assurance Company Limited, both with stable outlooks....
Starr Investments Wins $77M Damages in China Media Firm Case
Jan 16 2013 // A Hong Kong arbitration panel has ruled that China MediaExpress Holdings Inc. was a “fraudulent enterprise” and awarded $77 million to Starr Investments, a firm run by former AIG chief Maurice Greenberg, a U.S....
Is the WTO About to Abandon Dream of Global Free Trade?
Jan 14 2013 // As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world’s poorest...
China Regulator Seeks Information on HSBC-Ping An Deal
Jan 11 2013 // China’s insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC’s planned sale of its $9.4 billion stake in China’s No.2 insurer to Thailand’s CP Group. The...
Peak Re Launched in Hong Kong for ‘Underserved’ Asia Pacific Markets
Jan 10 2013 // Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has...
China’s Insurance Regulator Expected to Reject $9.4 Billion HSBC Deal
Jan 9 2013 // China’s insurance regulator is expected to reject HSBC’s sale of its $9.4 billion stake in Ping An Insurance to Thai conglomerate CP Group, media reports said on Wednesday. The failure of the deal would be a...
Shipping Losses Up in 2012 But Down Over 10-Years: AGCS Report
Jan 8 2013 // There have been 106 ship losses reported worldwide in the 12 months since last to November 25 – an increase of 91 ships from the previous year but a 27 percent decrease on the 10- year average of 146 ships per annum. The...
China Claims Railway Company Hid Fatal Tunnel Explosion
Jan 7 2013 // China says a railway company covered up a tunnel explosion that killed eight people and injured five last month. The State Administration of Work Safety said a subsidiary of state-owned China Railway Tunnel Group concealed...
Lloyd’s: Increasing Civil Unrest Driving Political Violence Coverage Demand
Dec 31 2012 // A report from Lloyd’s of London concludes that the increasing demand for political risk insurance “has been rising as civil unrest and political violence continue to threaten businesses around the...
Cooper Gay Targets Treaty Business in Asia with Yip Appointment
Dec 19 2012 // Independent insurance and reinsurance intermediary Cooper Gay, has appointed David Yip as Head of Treaty for Cooper Gay Hong Kong, as part of its expansion drive in Asia. “Yip will place particular emphasis on...
Dirty Money Costs Developing World $6 Trillion, Led by China -GFI Report
Dec 18 2012 // Crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, led by China, a financial watchdog group said in a new report. China accounted for...
AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
Munich Re in Performance Guarantee Deal with China’s Yingli Green Energy
Dec 12 2012 // Munich Re said it is “reinsuring performance guarantees that Chinese photovoltaic manufacturer Yingli Green Energy gives to its customers for multi-crystalline modules. The insurance solution covers the long-term...
U.S. SEC Charges N.J.-based Consultant with Fraud in Chinese Reverse Mergers
Dec 12 2012 // U.S. securities regulators charged a New Jersey-based consultant on Tuesday with defrauding investors in the China-based companies he helped make public through a backdoor method known as a “reverse...
