Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
U.S. Says Climate Talks Fail to Make Headway
Oct 6 2010 // The United States said on Wednesday U.N. climate talks were making less progress than hoped because of a rift over poorer nations’ emission goals, and that other avenues might be needed to tackle climate...
AIA IPO Seeks up to $14.9 Bn
Oct 5 2010 // American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The Hong Kong-based company...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
China Says Climate Talks Must Tackle Rich Nations CO2 Cuts
Oct 5 2010 // Greenhouse gas cuts vowed by rich nations remain far from enough to escape dangerous global warming, a top Chinese climate official said on Tuesday, urging talks over a new climate change pact to confront the...
UK, Guernsey Execs Strengthen Relationships with China
Sep 30 2010 // Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, recently joined the Lord Mayor of the City of London, Alderman Nick Anstee, for a trip to Beijing and...
Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group
Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...
Asia Faces Higher Losses from Disasters, Report Says
Sep 21 2010 // China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has...
China’s Largest Bank to Sell AIG Life Insurance Products at Branches
Sep 10 2010 // Industrial and Commercial Bank of China Ltd (ICBC) and soon-to-be listed AIA Group Ltd have signed an agreement under which ICBC will sell AIA’s life insurance products at its branches, the two companies said on...
China to Allow Insurers to Invest in Private Equity and Real Estate
Sep 7 2010 // China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property...
AIG Seen Leaning towards New Taiwan Unit Sale
Sep 7 2010 // American International Group Inc is leaning towards a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest. Hong Kong-listed...
Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms
Sep 3 2010 // Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25...
AIG Taiwan Unit Buyer Seeks Favorable, Constructive Ending
Sep 2 2010 // The buyers of American International Group Inc’s Taiwan unit will be constructive as they seek to pursue the $2.2 billion bid even after Taiwan’s regulators rejected it, a top executive said on Thursday. Robert...
European Companies in China to Stay Put Despite Obstacles
Sep 2 2010 // European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said on Thursday. Jacques de Boisseson, the...
China Strategic Considers Appeal of Taiwan’s Decision on AIG Unit Sale
Sep 1 2010 // China Strategic Holdings Ltd. will decide whether to appeal a decision by Taiwan’s regulators to block its planned purchase of American International Group Inc’s Taiwan unit. In a statement on Wednesday, China...
Taiwan Regulator Rejects AIG Unit Sale
Aug 31 2010 // Taiwan regulators rejected AIG’s planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction. American...
AIR Tracking Typhoon Kompasu, Tropical Cyclones
Aug 31 2010 // According to catastrophe risk modeling firm AIR Worldwide, the sixth, seventh, and eighth named storms of the northwest Pacific season are approaching the Asian mainland bringing high winds and expected heavy...
Manulife, Ace among Bidders for NY Life Asia – Sources
Aug 27 2010 // Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Hong Kong, Taiwan and South Korean assets, sources said, in a deal valued between $800...
Report AIG to Decide on AIA Pre-IPO Sale by Next Week
Aug 25 2010 // American International Group is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters...
Liberty Mutual Receives Approval to Begin Zhejiang Branch Operations
Aug 24 2010 // Liberty Mutual Group, through its wholly-owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to begin branch operations in Zhejiang by the China Insurance Regulatory Commission (CIRC)....
HSBC in Talks with Old Mutual for 70% Stake in South Africa’s Nedbank
Aug 23 2010 // HSBC is in talks to buy up to 70 percent of South Africa’s Nedbank, in a potential $6.8 billion deal that would give Europe’s biggest lender a broader gateway to the fast-growing African continent. HSBC and...
