Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Outcome of G20 Summit in Seoul
Nov 12 2010 // World leaders said they would work to tackle global economic “tensions and vulnerabilities” that have raised fears of currency wars and trade protectionism as they wrapped up a Group of 20 summit in Seoul on...
Best Assigns Aioi Insurance Company (China) ‘A-‘ Rating; Outlook Stable
Nov 12 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Aioi Insurance Company (China) Limited, both with stable outlooks. The ratings...
World War I Remembered; Could it Have Been Different?
Nov 11 2010 // Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War...
Lloyd’s Warns of Contamination Hazards from Chinese Food Imports
Nov 3 2010 // “China was the source of most contaminated or unsafe foodstuffs that came into Europe in 2009, according to a European Union report,” as cited in an article on the Lloyd’s of London web site, which...
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
Nov 1 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf...
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
Nov 1 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf...
China’s Legal System: an Insurance Perspective
Oct 29 2010 // Years ago a lawyer friend told me of an experience. While teaching a group of Chinese lawyers, he proposed a question to them of who is responsible if a vehicle hits a pedestrian in a cross walk? The class said it was the...
AIA Shares Surge 17% on Trading Debut in Hong Kong
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
U.S. Seeks China’s Help for Homeowners with Drywall Claims
Oct 27 2010 // The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said. Inez Tenenbaum, in Shanghai...
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of the...
Southern China Braces for Super Typhoon Megi
Oct 21 2010 // Residents scrambled to stockpile food and authorities ordered ships to remain docked as southern China geared up Wednesday for a super typhoon after it killed 15 people and wiped out crops in the northern...
Tide of History Runs against Would-be G20 ‘Grand Bargain’
Oct 20 2010 // Speculation of a grand bargain by the Group of 20 to rebalance the global economy is swirling ever faster thanks to China’s surprise decision to raise interest rates for the first time since 2007. Higher rates ought...
Ye Joins Aon Benfield China Team
Oct 18 2010 // Aon Benfield announced that it has appointed Helen Ye as executive director and head of catastrophe reinsurance in China. She will be responsible for “developing catastrophe reinsurance business by advising clients...
Firms Lose More to Electronic Fraud than Physical Theft
Oct 18 2010 // Companies for the first time report they are losing more through electronic theft of data than physical stealing of assets, risk consultancy Kroll said on Monday in an annual report on international fraud trends. Fraud was...
Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn
Oct 14 2010 // The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s...
300 Homes to Be Repaired in Settlement with Chinese Drywall Firm
Oct 14 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. An agreement was reached with Knauf...
China Blames Climate Talks Standoff on Rich Nations
Oct 8 2010 // China said on Friday that rich nations must lock in fresh vows to slash greenhouse gas output to unblock talks for a new climate change deal, while some negotiators said Beijing was holding progress hostage. The feuding...
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...
