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...
Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit September 24, 2021 By Engen Tham SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers,...
China Regulators Step Up Scrutiny of Online Insurance Platforms in Widening Crackdown August 13, 2021 By Bloomberg News China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that...
China’s Extreme Weather Provides Wake-Up Call for Under-Insured Local Authorities August 12, 2021 BEIJING – Devastating summer floods in the populous province of Henan in central China are a wake-up call for local...