Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China’s Pig Farms Tighten Biosecurity to Beat African Swine Fever
Jul 16 2019 // A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by international standards. From farms to feed mills...
Economic Costs of European Weather Events in June Top $2B: Aon Report
Jul 11 2019 // Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap...
AM Best Affirms Credit Ratings of Lloyd’s
Jul 11 2019 // AM Besthas affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Lloyd’s (United Kingdom), Lloyd’s China and Lloyd’s...
Volvo’s Autonomous Trucking Offer Bundles Pilots, Insurance, Services
Jul 10 2019 // Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. Driverless transportation has been...
Update: Italy’s Generali Calls on China to Further Open Financial Services Sector
Jul 10 2019 // Two of Italy’s largest financial institutions, insurer Assicurazioni Generali and state fund CDP on Wednesday urged China to do more to open up its financial services industry to Italian firms and other foreign...
Spanish Insurer MAPFRE Teams with China Re on Belt & Road Initiative Cover
Jul 9 2019 // Spanish insurer MAPFRE said it has signed a memorandum of understanding with China Re to insure infrastructure within the belt and road initiative promoted by China. The two said they will collaborate on insuring...
Asia Market Drives Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re
Jul 8 2019 // Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from property/casualty...
China to End Limits on Foreign Ownership in Financial Sector One Year Early
Jul 2 2019 // China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to show the world it will keep opening up its markets, Premier Li Keqiang said on Tuesday. China will...
China’s Swine Fever Losses May Be Twice as High as Officially Reported
Jul 1 2019 // As many as half of China’s breeding pigs have either died from African swine fever or been slaughtered because of the spreading disease, twice as many as officially acknowledged, according to the estimates of four...
China Creates Insurance Group to Take Over Troubled Insurer Anbang
Jun 28 2019 // China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control. Beijing-based Dajia Insurance Group, which...
Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says
Jun 26 2019 // Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in a seven-year spying campaign, researchers from a cyber security company said, identifying links to previous Chinese...
Walmart Agrees to Pay $282 Million to End 7-Year Global Bribe Investigation
Jun 21 2019 // Walmart Inc. agreed to pay $282 million in penalties and a Brazilian unit admitted to violating a U.S. anti-bribery law, providing a relatively subdued ending to a seven-year investigation that spanned the globe and at one...
Sen. Rubio Bill Would Block Patent Damage Claims by Foreign Firms on Watch List
Jun 18 2019 // U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co. Ltd. from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc. pay $1...
China’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources
Jun 18 2019 // Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that could mark a return to big-ticket deals for the Chinese conglomerate backed by...
Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva
Jun 17 2019 // The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new board members. They are: Yuansiong Lee, co-CEO, Ping An Insurance Co. of...
China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms
Jun 14 2019 // China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and spills into the financial sector, said a lobby group representing global banks and asset...
Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues
Jun 14 2019 // Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in...
China’s Anbang Insurance to Begin Selling Waldorf-Astoria Luxury Condos
Jun 12 2019 // China’s Anbang Insurance Group Co. is scouring the globe for condo buyers looking for a little — or a lot — of Park Avenue glamour. Four years after buying the famed Waldorf Astoria for a record $1.95...
S. Korea Scrambles to Stop Spread of African Swine Fever After N. Korea Outbreak
Jun 5 2019 // South Korea said Friday that it is scrambling to prevent the spread of the highly contagious African swine fever on its pig industry after North Korea confirmed an outbreak at a farm near its border with China. South...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources
May 28 2019 // Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New...
