Third Wave of Severe Flooding Expected in China July 27, 2020 By Bloomberg News China warned that the worst of the deluges that have led millions to be evacuated may be yet to come,...
Excessive Floods Endanger Aging Chinese Dams and Could Cause ‘Black Swan’ Disaster July 22, 2020 By Ryan Woo The dam at a small reservoir in China’s Guangxi region gave way last month after days of heavy rain in...
China to Offer Additional Insurance, Financial Support for Flood-Hit Regions July 20, 2020 China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for...
China Braces for Continuing Floods in One of Worst Rainfall Seasons on Record July 13, 2020 China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted...
Heavy Rains Batter China, Raising Flood Alert Levels for Cities on Yangtze River July 6, 2020 SHANGHAI — The central Chinese city of Wuhan, epicenter of the new coronavirus pandemic, raised its flood alert level on...
German Insurer Allianz Seeks Asset Management License from China Regulators June 5, 2020 Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset...
New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch April 17, 2020 At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions...
China Plans to Relax Rules on Foreign Ownership of Domestic Life Insurers: Sources April 9, 2020 China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic...
Korean Re Gets Chinese Approval to Open Shanghai Branch January 21, 2020 Korean Re has completed the establishment of a branch office in Shanghai as the company received final approval from the...
Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources November 6, 2019 By Manuel Baigorri German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese...