Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Macquarie Pursues 3-Way Joint Venture in China Under New Rule
Dec 3 2018 // Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar with the matter, the latest international bank seeking to establish itself in one of...
G20 Skirts Taboos in Reaching Agreement on WTO Reforms
Dec 3 2018 // Many delegates from the world’s 20 largest economies arrived at a summit in Argentina this week determined to clinch an agreement to reform the global trade system, pushed to a breaking point by tensions between the...
Explosion at ChemChina’s Hebei Plant Caused by Gas Leak
Nov 30 2018 // A gas leak at a plant owned by a ChemChina subsidiary caused a blast that killed 23 people and injured 22 this week in Zhangjiakou, Hebei province, ChemChina said in a statement on Friday. PVC producer Hebei Shenghua...
AXA to Buy Remaining 50% Stake in AXA Tianping for China Growth
Nov 28 2018 // AXA announced it has entered into an agreement with the current domestic shareholders of AXA Tianping Property & Casualty Insurance Co. Ltd. to acquire the remaining 50 percent stake of the company. Total consideration...
Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit
Nov 28 2018 // Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt...
China’s Ping An Invests $47M in German Fintech Incubator Finleap
Nov 19 2018 // Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding. The Chinese...
China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources
Nov 19 2018 // China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge...
Anxious Farmers Look to Lame Duck Congress to Pass Safety Net Farm Bill
Nov 13 2018 // U.S. soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at...
Standard Club Asia, Ping An to Jointly Offer P&I Cover for China’s Shipowners
Nov 9 2018 // The Standard Club Asia Ltd., managed by Charles Taylor Mutual Management (Asia) Pte Ltd., entered into a cooperation agreement with Ping An Property & Casualty Insurance Co. of China Ltd. Under the terms of the...
BHP Expects Interruption to Australia Iron Ore Exports After Train Derailment
Nov 7 2018 // Mining giant BHP Billiton expects some interruption to its Australian iron ore exports after a nearly 3-km-long train loaded with the commodity was forcibly derailed this week after running away en route to a key shipping...
Lego Wins New Intellectual Property Lawsuit in China
Nov 6 2018 // Lego A/S has won a new intellectual property lawsuit in China after a court agreed with the Danish toy manufacturer that local companies had copied its building blocks and miniature figures under the LEPIN brand. The...
China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit
Nov 1 2018 // Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the...
Typhoon Yutu Slams into Philippines, Traveling Path of Super Storm Mangkhut
Oct 30 2018 // Typhoon Yutu slammed into northern Philippines on Tuesday and is traveling a path similar to last month’s super storm Mangkhut that killed at least 82 people and damaged about $500 million of farm output in the...
Boeing 737 Max, Operated by Indonesia’s Lion Air, Crashes with 189 on Board
Oct 29 2018 // A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three...
China’s Swine Fever Outbreaks Blamed on Feeding Kitchen Waste to Pigs
Oct 25 2018 // China’s agriculture ministry said on Wednesday it would ban the feeding of kitchen waste to pigs after linking the practice to the majority of the early cases of African swine fever. The statement from the Ministry...
U.S. Hog Farmers on Alert Over African Swine Fever Disease
Oct 23 2018 // U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and...
China Insurer PICC Cuts Size of IPO in Response to Collapse in Market Prices
Oct 22 2018 // The People’s Insurance Company (Group) of China Ltd., the nation’s largest property insurer, cut the size of a planned first-time domestic share sale and indicated it will proceed when the market improves. The...
Update: Swiss Re Weighs Investment in Chinese Insurer Anbang, Say Sources
Oct 21 2018 // China’s attempts to find new investors for Anbang Insurance Group Co. are gathering pace, as Cerberus Capital Management LP to Swiss Re AG size up the embattled insurer and its overseas operations. Cerberus and Swiss...
Softbank Plans Big Push into Insurance Investments
Oct 16 2018 // Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive...
Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources
Oct 16 2018 // Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge...
