Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase September 18, 2023 By Bloomberg News Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the...
Ex-Chairman of Top China Insurer Given Suspended Death Sentence September 13, 2023 By Bloomberg News China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...
China Expected to Cut Fine on Ant Group to About $700M: Sources April 18, 2023 By Julie Zhu and Jane Xu Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned...
China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group March 24, 2023 By Michael Martina and Yew Lun Tian Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff,...
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 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 Regulators Step Up Scrutiny of Online Insurance Platforms in Widening Crackdown August 13, 2021 By Bloomberg News China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that...