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...
HSBC’s New Insurance Chief Executive Eyes ‘Crucial’ New Deals in China April 1, 2022 By Denise Wee Greg Hingston, who took over as global chief executive of HSBC Holdings Plc’s insurance unit in January, has had a...
China Vows to Roll Out Market-Friendly Policies, Boosting Battered Shares March 18, 2022 Chinese Vice Premier Liu He, China’s economic tsar, urged the roll-out of market-friendly policies to support the economy and caution...
Officials of AstraZeneca China Summoned About Probe of Suspected Insurance Fraud January 31, 2022 Chinese authorities summoned officials of AstraZeneca China regarding an investigation of suspected medical insurance fraud by the company’s employees, the...
China Strengthens Anti-Money Laundering Rules for Financial Services Firms January 26, 2022 China on Wednesday published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which...