Chinese market News

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 …

China Opens Financial Sector to Increased Foreign Investment

China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or control entities including wealth …

Bulgaria Fights Spread of African Swine Fever

Bulgaria has stepped up measures to prevent the spread of deadly African swine fever and protect the country’s 600-million lev ($344 million) pig-breeding industry, the agriculture minister said on Wednesday. The highly contagious disease, which is incurable in pigs but …

China’s Pig Farms Tighten Biosecurity to Beat African Swine Fever

A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by international standards. From farms to feed mills to transport, …

China’s Swine Fever Losses May Be Twice as High as Officially Reported

As many as half of China’s breeding pigs have either died from African swine fever or been slaughtered because of the spreading disease, twice as many as officially acknowledged, according to the estimates of four people who supply large farms. …

China Creates Insurance Group to Take Over Troubled Insurer Anbang

China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control. Beijing-based Dajia Insurance Group, which was established on June 25, has 20.4 billion yuan …

Vietnam Culls More Than 2.5M Pigs to Contain Deadly African Swine Fever: Officials

Vietnam has culled more than 2.5 million pigs to contain the spread of an African swine fever outbreak that is in danger of infecting every province of the country, an agriculture ministry official said on Tuesday. The virus, which is …

China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms

China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and spills into the financial sector, said a lobby group representing global banks and asset managers. The Asia Securities Industry & …

S. Korea Scrambles to Stop Spread of African Swine Fever After N. Korea Outbreak

South Korea said Friday that it is scrambling to prevent the spread of the highly contagious African swine fever on its pig industry after North Korea confirmed an outbreak at a farm near its border with China. South Korea’s agriculture …

Deadly African Swine Fever Now `Endemic’ in Two Regions of China: UN

China’s attempts to control African swine fever have been insufficient to stem further spread of the disease, with the deadly pig contagion now endemic in two regions, a United Nations group said. The virus that causes the disease is entrenched …