Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Swiss Re Explores Investment in China Pacific Insurance
Nov 6 2019 // Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company’s securities, the Swiss reinsurer said on Wednesday. Swiss Re declined to comment on a...
Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources
Nov 6 2019 // German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese insurer Taikang Life Insurance Co., according to people with knowledge of the matter. Goldman sold a...
Hong Kong Falls into Recession, Hit by 5 Months of Protests
Oct 29 2019 // Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary...
U.K. Aims to Ensure Post-Brexit Strength of Financial Services Sector: Minister
Oct 28 2019 // Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial services minister John Glen said on Monday. “This government absolutely believes in the...
Ping An Q3 Profit Jumps 50% on Higher Investment Returns, Bank Income
Oct 25 2019 // Ping An Insurance (Group) Co., China’s largest insurer by market value, said third-quarter profit jumped 50% thanks to higher investment returns and banking income. Net income rose to 31.9 billion yuan ($4.5 billion)...
China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain
Oct 24 2019 // Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their planned $22 billion spend on everything from artificial intelligence to blockchain will work. While...
Explosion at Chemical Plant in Southern China Kills at Least 4
Oct 17 2019 // An explosion at a chemical plant in southern China on Tuesday [Oct. 15] killed at least four people and injured six, the local government said, in the latest of a string of such accidents. The Guangxi regional emergency...
150-Plus Eateries Cited for Violating Louisiana Seafood Label Law
Oct 4 2019 // More than 150 Louisiana restaurants have been cited for not disclosing to customers they were selling imported rather than domestic seafood. The citations from the Louisiana Department of Health stem from a new law...
Typhoon Mitag Lashes Eastern China, Heads to South Korea
Oct 1 2019 // After lashing parts of Taiwan and Japan’s southernmost Ryukyu Islands on Monday, Typhoon Mitag is passing eastern China today and then takes aim at South Korea and the remainder of Japan later this week, according to...
Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks
Sep 24 2019 // Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m...
Bus in Utah With Chinese-Speaking Tourists Crashes in, Killing 4
Sep 23 2019 // A tour bus crashed on a highway running through the red-rock landscape of southern Utah on Friday, killing four people from China and injuring dozens more. The bus from Southern California rolled onto a guard rail,...
China Regulator Puts Cap on Insurers’ Investments in Shareholders
Sep 9 2019 // China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is sharpening its...
Starr Insurance Names Zhou President of China P/C Insurance
Sep 6 2019 // Starr Insurance Cos. has named Dr. Haoming Zhou as general manager and president of Starr China Property and Casualty Insurance Ltd. Zhou has more than 20 years of insurance industry experience. Prior to joining Starr, he...
With New, Legal Cannabis Industries, Illinois and Missouri Can Learn from Pioneer States
Aug 30 2019 // As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked...
Waste from Chinese-Owned Nickel Plant Spills into Papua New Guinea Bay
Aug 29 2019 // Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday. Locals noticed red discharge...
Japan to Offer Enhanced Trade Insurance to Drive African Investment
Aug 28 2019 // Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the resource-rich...
China Pacific Insurance Joins Industry Blockchain Initiative, B3i
Aug 26 2019 // China Pacific Insurance Group (CPIC) has become the latest investor in B3i, the insurance and reinsurance industry’s blockchain initiative. CPIC’s membership further strengthens B3i’s representation...
Hong Kong Protests Escalate as Police Fire Weapon, Use Water Cannons
Aug 26 2019 // Tensions flared in Hong Kong on a weekend that began with the formation of a peaceful human chain across the city and culminated two days later with police firing a weapon and using water cannons for the first time. In a...
New Business Up 20% at Insurer AIA on Hong Kong, China Sales
Aug 23 2019 // Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value,...
China Tops List of U.S. Cybersecurity Agency’s Top Risks
Aug 23 2019 // A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese...
