China’s Anti-Graft Watchdog Probes Chairman of China Life Insurance January 10, 2022 SHANGHAI – China’s Central Commission for Discipline Inspection (CCDI) has placed Wang Bin, the chairman of China Life Insurance Co....
China Evergrande’s Investors Protest, Shouting ‘Return Our Money!’ January 4, 2022 By David Kirton GUANGZHOU, China – Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company’s offices in Guangzhou...
China’s Alibaba Fires Woman Who Accused Boss of Sexual Assault in #MeToo Setback December 13, 2021 By Bloomberg News Alibaba Group Holding Ltd. has fired a woman who accused a manager of sexual assault, a surprise move that came...
China’s Regulator Issues New Rules for Risk Management of Insurance Groups November 30, 2021 China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step...
China Sets Rules to Protect Drivers’ Rights in Ride-Hailing Industry, Requiring Insurance November 30, 2021 BEIJING – China outlined new rules on Tuesday to safeguard the rights of drivers in its giant ride-hailing industry, requiring...
Allianz Becomes First Wholly Foreign-Owned Life Insurer in China November 17, 2021 Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become...
Chinese Insurer Ping An Plans to Sell $2.1B Stake in Autohome: Sources November 12, 2021 By Julie Zhu and Kane Wu HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto...
China Provides Assurances that Evergrande Crisis Is Being Contained October 18, 2021 By Sofia Horta e Costa For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down...
China Urges Development of Accident Insurance, Pension Products for Gig Workers October 18, 2021 China’s top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and...
Ping An’s Big Drop in Market Value Driven by Investor Wariness Over China Uncertainties October 14, 2021 By Bloomberg News China’s Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of...