China Frees Possible $27 Billion From Insurers to Buy Gold February 10, 2025 By Bloomberg News A pilot program in China that allows insurers to buy gold for the first time could free up billions of...
China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers February 10, 2025 China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold...
What Is China’s Planned Financial Stability Law and How Will It Work? July 3, 2024 China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial...
China Refines Financial Stability Law to Strengthen Risk Prevention July 2, 2024 China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released...
Wary of New Security Law, Foreign Firms in Hong Kong Bolster Contingency Plans March 22, 2024 By James Pomfret and Greg Torode Vague provisions in Hong Kong’s new national security law around state secrets and links to foreign entities have put on...
China Probes Exposure of HK Units of Banks, Insurers to Local Gov’t Debt: Sources Say March 15, 2024 By Selena Li and Summer Zhen China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to...
China Orders Banks, Insurers to Review Cyber and Data Security January 11, 2024 By Bloomberg News China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring...
Ping An Loses $3.1 Billion in Value on Country Garden Buy Report November 9, 2023 By Bloomberg News A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s...
China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm November 8, 2023 By Bloomberg News Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans...
China Eases Investment Rules for Insurers in Bid to Boost Flows Into Stocks November 1, 2023 By Bloomberg News China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat...