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China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources
Nov 22 2022 // China’s Fosun International Ltd. has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurance company Peak Re, four people with knowledge of the matter told Reuters. The sale...
China to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources
Nov 22 2022 // Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year...
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Nov 18 2022 // Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to...
Taiwan’s Financial Services Firms Cut China Exposure by 20% to Record Low
Nov 18 2022 // Taiwan’s financial institutions reduced their China exposure to a record low amid economic and political uncertainties, according to its top financial regulator. Total exposure to China at Taiwanese banks, insurers...
China’s Sunshine Insurance Gets Approval for $1 Billion IPO: Sources
Nov 18 2022 // China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $1 billion, according to people familiar with the matter. The...
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