China Eases Investment Rules for Insurers in Bid to Boost Flows Into Stocks November 1, 2023 By Bloomberg News China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat...
Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase September 18, 2023 By Bloomberg News Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the...
China Relaxes Rules for Insurers to Invest in Stock Markets September 12, 2023 China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...
China Expected to Cut Fine on Ant Group to About $700M: Sources April 18, 2023 By Julie Zhu and Jane Xu Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned...
Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant January 9, 2023 By Yingzhi Yang, Brenda Goh and Kane Wu Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to...
Chinese Regulators Approve Capital Raise of $1.5B for Ant Group January 6, 2023 By Zen Soo HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for...
China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources November 22, 2022 By Kane Wu and Andres Gonzalez China’s Fosun International Ltd. has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based...
China’s Fosun Weighs Options for Hong Kong-Based Peak Re: Sources October 27, 2022 By Manuel Baigorri Fosun International Ltd. is weighing strategic options for its Hong Kong-based Peak Reinsurance Co. as the Chinese conglomerate looks to...