Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Genworth Not Giving Up on Being Acquired by China’s Oceanwide
Jan 4 2018 // Genworth Financial Inc. said on Wednesday it was pressing forward on its deal to be acquired by China’s Oceanwide Holdings Co. Ltd, which has stalled over concerns about Chinese access to sensitive U.S. personal data...
Citing National Security, U.S. Kills MoneyGram Sale to China’s Ant Financial
Jan 3 2018 // Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc. collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese...
China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources
Dec 29 2017 // Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country,...
Update: Argentine Grains Hub Blast Kills One, Injures Others; Food Exports Hit
Dec 28 2017 // An explosion at a grains terminal in Argentina owned by China’s COFCO International on Wednesday killed one employee, injured others and affected shipping activities from one of the world’s top food suppliers,...
Starr Cos., China’s PICC Health to Provide Insurance for Belt & Road Project Workers
Dec 27 2017 // Starr Cos. announced it is working with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries. The companies are...
China’s Ride-Hailing Firm Didi Raises $4B to Expand Overseas, Challenging Uber
Dec 22 2017 // Chinese ride-hailing firm Didi Chuxing Technology Co. on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber...
Microsoft Wants to Pit AI Against Climate Change
Dec 21 2017 // Red and green make yellow. And depending on how one feels about climate change, it could be considered a cautionary tale for the U.S. that China plans to create the world’s largest carbon market, possibly making it...
China to Require Polluters to Pay for Environmental Damage
Dec 19 2017 // China plans to roll out nationwide by 2020 a system that forces polluters to repair damage to the environment or pay compensation, the official Xinhua news agency reported late on Sunday. The move, which extends a scheme...
New China Rules Promote Fairer, Safer Overseas Investments by Private Companies
Dec 18 2017 // China’s powerful state planner on Monday issued new rules for overseas investment by private companies, aiming to stamp out instances of firms violating policies, engaging in unfair competition and poor safety and...
China’s Tallest Building Attracts Industry Tenants Including Lloyd’s & Allianz
Dec 12 2017 // After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space. More than 60 companies now occupy office...
China’s Pension Funds Face Shortfalls as Country Struggles with Aging Population
Dec 11 2017 // Thirteen pension funds in regions and administrative units around China only have enough money to pay less than one year’s worth of pensions, media reported on Monday, as the country struggles with an aging...
When Humility in a Boss Pays Off and When It Doesn’t
Dec 11 2017 // It’s good for a boss to be humble – as long as that’s what the firm’s employees expect. Some workplace teams showed more creativity if the employees rated their bosses as showing more humility, Ohio...
China’s Ping An Insurance Now Second Largest Shareholder in Britain’s HSBC Bank
Dec 7 2017 // HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique position of having management control of its securities venture there, chief executive Stuart...
As China’s Financial Sector Opens, Acute Talent Shortage Could Hinder Growth
Dec 6 2017 // In the last two years, more than 30 global asset managers have been awarded licenses to set up wholly-owned units in China as they sought a share of the country’s $1.5 trillion private fund management market. Yet...
Fire Kills 10 in China’s Tianjin Port City Where Deadly Explosions Occurred in 2015
Dec 4 2017 // Ten people died and five were injured in a fire early Friday [Dec. 1] in a northern Chinese port city where scores were killed in an explosion two years ago. The fire department in Tianjin said the blaze broke out at 4...
China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review
Nov 30 2017 // The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a second time, to April 1, to allow them to satisfy a U.S. review on foreign takeovers,...
Chinese Startup Develops ‘Taxi Drone’ with Plans for 2018 Rollout
Nov 29 2017 // A Chinese startup has developed a flying car that it plans to roll out as soon as next year. EHang Inc.’s E-184 drone can carry one passenger in its small cockpit, but the firm says it’s working on a model that...
Chubb Forms Partnership with China’s Largest P/C Insurer, PICC
Nov 27 2017 // Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s customers and other Chinese-affiliated companies...
Airbus Aims to Develop Single Pilot, Autonomous Aircraft to Cut Crew Needs
Nov 22 2017 // Airbus SE is looking to develop autonomous aircraft and technologies that will allow a single pilot to operate commercial jetliners, helping cut costs for carriers, Chief Technology Officer Paul Eremenko said. “The...
China’s Ping An Is World’s 2nd Largest Insurer by Market Value After Berkshire
Nov 21 2017 // A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. Shares of the...
