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...
VW Faces Scrutiny Over China Human Rights Violations With Insurance Implications June 20, 2022 By Monica Raymunt and Michael Nienaber Volkswagen AG faces mounting pressure to address allegations of human rights violations in the Chinese province of Xinjiang, where the...
China’s Zero-COVID Policies Prompt U.S. Firms in Shanghai to Cut Forecasts: Survey June 15, 2022 SHANGHAI – Over 90% of U.S. multinational firms surveyed by the American Chamber of Commerce (AmCham) in Shanghai have cut...
Former Executive of PICC Property & Casualty Expelled From China’s Communist Party May 25, 2022 China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party,...
China’s Ping An Profit Drops 24% as Pandemic Deals Blow to Business May 3, 2022 By Bloomberg News Ping An Insurance (Group) Co., China’s largest insurer by market value, said profit fell 24% and warned that outbreaks of...
Ferrari to Recall 2,222 Cars in China Over Potential Braking Fault April 26, 2022 Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems,...
U.S. Companies Warn China’s Data Rules Risk Creating ‘Digital Island’ April 21, 2022 By Bloomberg News China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could...