Allianz Becomes First Wholly Foreign-Owned Life Insurer in China November 17, 2021 Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become...
Chinese Insurer Ping An Plans to Sell $2.1B Stake in Autohome: Sources November 12, 2021 By Julie Zhu and Kane Wu HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto...
China Provides Assurances that Evergrande Crisis Is Being Contained October 18, 2021 By Sofia Horta e Costa For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down...
China Urges Development of Accident Insurance, Pension Products for Gig Workers October 18, 2021 China’s top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and...
Ping An’s Big Drop in Market Value Driven by Investor Wariness Over China Uncertainties October 14, 2021 By Bloomberg News China’s Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of...
China’s Anti-Graft Watchdog to Inspect Financial Regulators, State Banks, Insurers October 13, 2021 By Bloomberg News China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six...
China Evergrande Misses 3rd Round of Bond Payments, Intensifying Contagion Fears October 12, 2021 By Clare Jim and Andrew Galbraith HONG KONG – China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market...
Cash-Strapped China Evergrande Sells Bank Stake to Repay Loan September 29, 2021 By Clare Jim and Karin Strohecker Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday,...
Why China Evergrande’s Debt Problems Pose Systemic Risk September 27, 2021 China Evergrande Group has missed a dollar bond interest payment deadline, moving closer to a potential default and fueling worries...
Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake September 27, 2021 Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance...