Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Blast at Chinese Battery Recycler Draws Attention to Industry’s Supply Chain Risks
Jan 8 2021 // China’s biggest battery manufacturer has urged a focus on safety issues after an explosion at a recycling affiliate, which has drawn attention to the risks in the industry’s supply chain. The blast at a Hunan...
European Companies to Seek Chinese Assets in Sectors Such as Insurance, Healthcare
Jan 8 2021 // European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world’s second-largest economy and the European Union agreed to an investment deal last...
Genworth Eyes Partial IPO as $2.7B Deal with China Oceanwide Stalls
Jan 5 2021 // Genworth Financial and China Oceanwide Holdings Group Co. can’t seem to put the finishing touches on their agreement for Oceanworth to buy Genworth, a $2.7 billion cash deal that was first proposed in October...
China Pushes for Restructuring of Ant Group in Latest Blow to Founder Ma
Dec 28 2020 // BEIJING – China’s central bank disclosed on Sunday it had asked the country’s payments giant Ant Group Co Ltd. to shake up its lending and other consumer finance operations, the latest blow to its billionaire...
China Signals It Remains Committed to Phase 1 Trade Deal With U.S.
Dec 8 2020 // Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China Business Council...
China Renews OK of Oceanwide’s Stalled $2.7 Billion Purchase of Genworth
Dec 2 2020 // U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s Delaware-domiciled insurer, allowing the deal to...
Latest Tesla Safety Probe Involves 115,000 Vehicles Over Front Suspension
Nov 30 2020 // The U.S. National Highway Traffic Safety Administration (NHTSA) on Friday said it had opened a formal investigation into around 115,0000 Tesla vehicles over a front suspension safety issue. The auto safety regulator said...
Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened
Nov 23 2020 // The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued...
Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden
Nov 18 2020 // U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice “Hank” Greenberg, chairman of Starr Insurance Companies, told Reuters on...
Chinese Grain Plant in Argentina Resumes Operations Following Fatal Accident
Nov 13 2020 // A grains crushing plant of Chinese farm giant COFCO International partially resumed operations on Thursday, after halting them on Tuesday after an incident in which three contractor workers died, a spokesman told...
3 Killed in Accident at Chinese Grain Plant in Argentina
Nov 12 2020 // Activity at an Argentine grains crushing plant of Chinese commodities giant COFCO International was halted on Tuesday after an accident that killed three workers, the company said. “We regret to inform that at our...
Q&A: Where Drugmakers Are in the Race for COVID-19 Vaccine
Nov 9 2020 // Drugmakers and research centers around the world are working on COVID-19 vaccines, with large global trials of several of the candidates involving tens of thousands of participants well underway. The following is what we...
Apple Faces Shareholder Class-Action Suit over CEO’s China Sales Comments
Nov 6 2020 // Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor...
China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth
Nov 4 2020 // China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and...
Update: China Suspends Ant Group’s $37 Billion IPO
Nov 3 2020 // HONG KONG/NEW YORK — China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm...
Analysts, Investors React to China’s Suspension of Ant Group’s Mega IPO
Nov 3 2020 // China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for...
Retail Investors Placed Bids for Record $3 Trillion of Shares in Ant Group’s IPO
Nov 2 2020 // Retail investors placed bids for a record $3 trillion of shares in Ant Group Co. Ltd.’s dual listing in an unprecedented show of interest by mom-and-pop savers betting on demand for its financial services in...
Ant Group Is About to Shatter IPO Records. Here’s Why.
Oct 28 2020 // HONG KONG – Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay — shopping...
China’s Ping An Insurance Reports 7.74% Hike in Q3 Profit
Oct 27 2020 // Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country’s largest insurer by market value attracted more retail...
Investors Shrug Off U.S. Concerns as China’s Ant Group Nears $34.4 Billion IPO
Oct 26 2020 // Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $34.4 billion from the world’s largest stock market debut, with investors scrambling for a piece of the...
