Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Major Oil and Gas Firms Pledge to Cut Greenhouse Gases to Fight Climate Change
Sep 25 2018 // A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change. The Oil and Gas Climate Initiative (OGCI),...
Global Insurers in Mood to Take on New Investment Risks
Sep 18 2018 // Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan...
Hong Kong, Southern China Restoring Operations After Super Typhoon
Sep 17 2018 // The financial hub of Hong Kong began clearing up on Monday after being battered by one of the strongest typhoons in recent years, with financial markets and offices operating as normal. Super typhoon Mangkhut, with...
Super Typhoon Mangkhut Targets China After Killing More Than 50 in Philippines
Sep 16 2018 // A super typhoon made landfall in China’s Guangdong on Sunday, the country’s most populous province, after wreaking havoc in Hong Kong and Macau and killing potentially more than 50 people in the...
Hanover Insurance to Sell Specialty Unit Chaucer to China Re for $950 Million
Sep 13 2018 // The Hanover Insurance Group has agreed to sell Chaucer, its Lloyd’s-focused international specialty business, to China Reinsurance Group Corp. for total proceeds of $950 million. The Hanover had indicated in March it...
BoE’s Carney Cites China’s Financial System as Risk to Global Financial Stability
Sep 13 2018 // China’s financial system poses one of the bigger risks to global financial stability, Bank of England Governor Mark Carney said in an interview with the BBC to mark the 10th anniversary of the global financial...
Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit
Sep 12 2018 // The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group,...
Alibaba’s Ma to Step Down as Chairman in Year; Zhang Named Successor
Sep 10 2018 // Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance...
German Officials Worried About Foreign ‘Cyber Bombs’ Against Companies
Sep 6 2018 // A growing number of countries can hack into private computer networks and install malicious software to sabotage another country’s infrastructure, Germany’s domestic spy chief said on Tuesday. China, Russia and...
As Arctic Ice Melts, New Energy Shipping Trade Route Opens
Aug 30 2018 // A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area. This year is likely to rank among the...
China’s Largest Ride-Hailing Firm Didi Suspends Service After 2nd Passenger Killing
Aug 30 2018 // China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer...
China’s Giant Ping An Insurance Sues U.S. Broker Over Use of Name
Aug 24 2018 // China’s giant Ping An Insurance Group is suing a California-based wholesale brokerage over its use of the name Ping An. The Chinese financial services firm is demanding that Ping An Insurance Center...
Insurance Data for Sale in China – Despite Strict Data Protection Laws
Aug 23 2018 // When William Zhang’s car insurance was about to expire in March, he didn’t need to look far for renewal options. In the two months before the policy was up Zhang received calls almost daily from insurers trying...
Australia Bans China’s Huawei from Supplying Mobile Equipment, Citing Hacking Risks
Aug 23 2018 // Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd. from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse”...
China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years
Aug 21 2018 // Ping An Insurance Group Co of China , the country’s largest insurer by market value, on Tuesday reported its biggest half-yearly profit in at least a decade on robust customer growth. The results underline strength...
China Imports with Iranian Oil Tankers and Insurance, Amid Sanctions: Sources
Aug 20 2018 // Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions...
China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth
Aug 20 2018 // ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the...
President Trump Urges U.S. Suit Against Opioid Manufacturers
Aug 17 2018 // President Donald Trump said Thursday he wants the U.S. government to sue pharmaceutical companies that manufacture opioids as part of his efforts to halt an epidemic of drug addiction. Trump said he’d like to bring a...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
2nd Chinese Manufacturer Makes Tainted, Carcinogenic Heart Drug: EU
Aug 10 2018 // The European Medicines Agency (EMA) said on Friday that a second Chinese contract manufacturer, Zhejiang Tianyu, had produced a common blood pressure and heart drug with an impurity that could cause cancer. The alarm over...
