China Creates Insurance Group to Take Over Troubled Insurer Anbang June 28, 2019 By Bloomberg News China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the...
China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month May 21, 2019 By Bloomberg News Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest...
China Plans to Further Relax Rules for Foreign Banks and Insurers May 1, 2019 By Bloomberg News China will further relax rules for foreign banks and insurers of all sizes that plan to invest in the domestic...
Swine Virus Causes Panic Among Chinese Farmers as 80% Decide Not to Restock April 23, 2019 By Bloomberg News Most Chinese hog farms are choosing not to replenish herds as a deadly swine virus continues to spread across the...
Shares of China’s Largest Property Insurer PICC Begin Their Expected Steep Descent March 11, 2019 By Bloomberg News Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be...
China Insurer PICC Cuts Size of IPO in Response to Collapse in Market Prices October 22, 2018 By Bloomberg News The People’s Insurance Company (Group) of China Ltd., the nation’s largest property insurer, cut the size of a planned first-time...
Update: Swiss Re Weighs Investment in Chinese Insurer Anbang, Say Sources October 21, 2018 By Bloomberg News China’s attempts to find new investors for Anbang Insurance Group Co. are gathering pace, as Cerberus Capital Management LP to...
Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources October 16, 2018 By Bloomberg News Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance...
Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms October 11, 2018 By Bloomberg News Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail October 10, 2018 By Bloomberg News Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up...