Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Munich Re’s ERGO to Take 24.9% Stake in Chinese P/C Insurer
Jun 8 2020 // Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Taishan Property & Casualty Insurance Co. Founded in 2011, Taishan Insurance is a nationwide property and casualty insurer based in Shandong,...
German Insurer Allianz Seeks Asset Management License from China Regulators
Jun 5 2020 // Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy. Discussions for a license to manage its...
Virus from Africa Kills Horses in Thailand, Showing Dangers of Biosecurity Gaps
May 29 2020 // When horses suddenly started dying in Thailand as the nation locked down to stem the spread of COVID-19, researchers feared the cause was another deadly bat-borne virus that could kill humans. “We had no idea what...
Could Hong Kong’s Role as Global Financial Hub Be Jeopardized by China Security Law?
May 28 2020 // China’s parliament approved a decision on Thursday to go forward with national security legislation for Hong Kong that democracy activists in the city and Western countries fear could erode its freedoms and...
Chinese Hackers Blamed for Accessing Records of 9 Million easyJet Customers
May 19 2020 // Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar with the investigation into a cyber attack disclosed by the British airline on...
China Urges Local Firms to List in London with China Pacific Insurance Leading the Pack
May 18 2020 // China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus...
Coronavirus Health Effects Could Last for Years for Some Survivors
May 13 2020 // More than one million people around the world have been deemed recovered from the coronavirus, but beating the initial sickness may be just the first of many battles for those who have survived. Some recovered patients...
U.S. Businesses, Patients Sue China Seeking Damages From Coronavirus Outbreak
May 11 2020 // Before the coronavirus outbreak, Saundra Andringa-Meuer was a healthy 61-year-old mother of six who never smoked or drank alcohol. Then she became seriously ill with the disease after traveling from her Wisconsin home to...
HSBC’s Life Insurance Unit to Buy Out Joint Venture Partner in China
May 4 2020 // HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that came into effect...
Florida CFO Says China Owes State Financial Restitution from COVID-19 Outbreak
Apr 30 2020 // Florida Chief Financial Officer (CFO) Jimmy Patronis has sent a demand letter to Chinese Ambassador to the United States Cui Tiankai demanding financial restitution from the Communist Party of China (CPC) for...
Missouri Sues China Over Coronavirus Pandemic
Apr 23 2020 // The state of Missouri filed a lawsuit on April 21 against the Chinese government over the coronavirus, alleging that nation’s officials are to blame for the global pandemic. The lawsuit, filed in federal court by the...
China’s Ping An Reports Q1 Profit Drop of 42.7% on Coronavirus Business Disruption
Apr 23 2020 // Ping An Insurance (Group) Co of China Ltd, on Thursday reported a 42.7% drop in first-quarter profit, its biggest fall in quarterly profits in more than eight years, as the coronavirus outbreak disrupted its...
China Slams Coronavirus Lawsuit Brought by Missouri as ‘Very Absurd’
Apr 23 2020 // China on Wednesday slammed a lawsuit brought against it by the U.S. state of Missouri over the coronavirus pandemic as “very absurd.” Foreign ministry spokesman Geng Shuang said the legal action has “no...
Carnival CEO Says Company Followed Safety Protocols in Outbreaks on 2 Cruise Ships
Apr 17 2020 // Carnival Corp. Chief Executive Officer Arnold Donald defended the company’s safety record on Thursday, telling reporters in a media call that Carnival followed protocols from international authorities while handling...
New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch
Apr 17 2020 // At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions from the coronavirus outbreak, which may have unintended...
China Plans to Relax Rules on Foreign Ownership of Domestic Life Insurers: Sources
Apr 9 2020 // China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening...
China Re Is Weighing Establishing U.S. Operation: Reuters
Apr 1 2020 // BEIJING, April 1 (Reuters) – China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of...
China’s Factories Hit with 2nd Blow from Coronavirus as External Demand Drops
Mar 27 2020 // Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to be shipped on hold until further notice, or asking...
U.S. Lawsuit Wants China to Pay for Business Income Losses from Coronavirus
Mar 26 2020 // An attorney who represented victims of the Las Vegas shooting massacre has filed a federal lawsuit against China’s government over the new coronavirus, saying that officials hid information about the outbreak and...
Supply Chain Problems Move from China to U.S. and Other Nations
Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...
