Articles by Michelle Price and Sumeet Chatterjee

Finance, Insurance Sector ‘Wins’ in U.S.-China Trade Deal Seem Familiar

The long-awaited U.S.-China trade deal touted wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works, with Beijing having stepped up the pace of liberalization last year. Under …

Hong Kong Financial Firms Fear Potential Beijing Interference in Contracts

When China’s top legislature criticized a Hong Kong court’s rejection of a face mask ban there, some global firms began to fear the potential for mainland interference in commercial contracts, lawyers and finance executives said. Hong Kong’s vaunted rule of …

Hong Kong Financial Services Firms Concerned for Staff Safety as Protests Escalate

Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralyzed the city’s business district for a third day in one of the biggest disruptions faced by the Asian finance hub. …

Few Hong Kong Firms Have Riot Insurance so They’ll Be Paying for Protest Damages

Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big …

Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources

German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources said. Canada’s Sun Life Financial and …

Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO

Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region’s insurance sector. FWD, controlled …

Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources

Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York. The deal, …

Foreign Insurers Eye China’s $1.6 Trillion Private Pension Business

Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies. Hong Kong-based AIA Group and Manulife Financial …

Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures

Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city’s retail banking sector dominated by old-guard lenders. …

Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree

Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down any time soon. The cashed-up insurers are …