Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Expands List of Drugs Covered by Basic Medical Insurance
Aug 22 2019 // China on Tuesday added 148 drugs to its list of medicines covered by basic medical insurance schemes, part of a push to lower patients’ out-of-pocket costs in one of the world’s largest drug markets, state...
With Economy Slowing, Tariffs Hitting, China’s Rust Belt Looks to Belt and Road Initiative
Aug 22 2019 // From Thailand to Kenya, trains run on tracks from steel mills in China’s northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other...
Insured Losses in China from Typhoon Lekima Will Exceed CNY 6 Billion: AIR
Aug 16 2019 // Catastrophe risk modeling firm AIR Worldwide estimates insured losses in China from Typhoon Lekima will exceed CNY 6 billion. Lekima made landfall in Taizhou, Zhejiang, China, at 2 a.m. on August 10 local time, with...
Prudential to Complete Split of Insurance, Asset Fund by Year’s End
Aug 14 2019 // Britain’s biggest insurer Prudential will complete a planned break-up of the company by the end of the year, with its UK-focused fund and insurance business set to list as M&G Plc. The Asia and U.S.-focused rump...
China’s Anbang Insurance Selling $2.4 Billion in Japan Properties
Aug 14 2019 // China’s troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company’s plans said. The...
Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal
Aug 13 2019 // Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group...
Hong Kong Plunging into ‘Panic and Chaos,’ Says Leader, as Protests Continue
Aug 13 2019 // Flights leaving Hong Kong were disrupted for a second day on Tuesday, plunging the former British colony deeper into turmoil as its stockmarket fell to a seven-month low, and its leader said it had been pushed into a state...
Typhoon Lekima Roars Through Eastern China, Killing at Least 32
Aug 12 2019 // The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster CCTV reported, as the country braced for more travel disruptions as the storm moved further north up the...
Hurricane Barry Cost Economy $600M, Insurers $300M: Aon Catastrophe Report
Aug 9 2019 // Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap...
China Braces for Typhoon Lekima as Strongest Storm to Hit Region in 2019
Aug 9 2019 // Flights and high-speed train services were canceled in Shanghai as the strongest typhoon to hit the region this year swept past Taiwan and headed toward the Chinese coast. Air China Ltd., China Eastern Airlines Corp. and...
German Bank Seeks to Seize Ships for Breach of Iran Sanctions
Aug 6 2019 // Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default. The accusations, which led to...
Hong Kong Protestors Move to Shut Down Financial Hub with General Strike
Aug 5 2019 // Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight weekend of unrest in opposition...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO
Jul 31 2019 // Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the...
Why Chinese Crypto Entrepreneur Was No-Show for $4.5M Buffett Charity Lunch
Jul 25 2019 // Chinese cryptocurrency entrepreneur Justin Sun, who cited health issues in postponing his charity lunch with Warren Buffett this week, issued a broad apology to just about everyone for touting the plan to dine with one of...
Group of German Companies – Including BASF, Siemens, Roche – Hit by Cyber Attacks
Jul 24 2019 // German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed...
Death Toll Rises from Chinese Gas Plant Explosion
Jul 23 2019 // Authorities in central China said Sunday the death toll in a gas plant explosion has risen to 15 with another 15 seriously injured. Three people who were previously missing have been found dead, said local authorities....
China Opens Financial Sector to Increased Foreign Investment
Jul 22 2019 // China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or...
Regulatory Issues Causing Ping An-Backed Lufax to Exit P2P Lending: Reuters
Jul 19 2019 // Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct...
U.K. Networks Could Become Less Secure if Huawei Is Banned, MPs Say
Jul 19 2019 // Barring Huawei Technologies Co. from operating in the U.K. could lower security standards and make networks less resilient to malicious attacks, according to Parliament’s intelligence and security committee, which...
Senators Want to Reconsider Lawsuit Immunity for Google and Internet Giants
Jul 17 2019 // U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued for the content users post. The Senate Judiciary...
