Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2% November 18, 2022 Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s...
China’s Sunshine Insurance Gets Approval for $1 Billion IPO: Sources November 18, 2022 By Pei Li China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that...
Allianz CEO Baete Sees ‘Huge Opportunity’ From Asset Management in China November 17, 2022 By Bloomberg News Allianz SE sees a “huge opportunity” from asset management in China because the nation needs to diversify overseas investments, its...
China’s Regulators Commit to Growth and Reforms, Seeking to Allay Foreign Concerns November 2, 2022 China’s top financial regulators said on Wednesday that economic growth remains a priority and reforms and liberalization would continue, seeking...
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...
Moody’s Cuts Fosun International’s Credit Rating Amid Concerns Over Asset Sales October 26, 2022 By Roxanne Liu and Kane Wu Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative”...
China’s Sunshine Insurance to Seek HK Stock Exchange Nod for $1B IPO: Sources October 18, 2022 By Pei Li China’s Sunshine Insurance Group Co. is planning to seek Hong Kong stock exchange approval for its initial public offering as...
Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources August 23, 2022 Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest...
China Sentences Tycoon Xiao to 13 Years, Fines His Financial Services Group $8.1 Billion August 19, 2022 A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in...
AIA Weighs Purchase of Billion-Dollar Shanghai Tower as Its Expands Business in China August 8, 2022 By Bloomberg News Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it...