Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Tightens Rules on $15 Trillion Asset Management Sector to Cut Systemic Risks
Nov 17 2017 // China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking...
As China’s Insurance Market Liberalizes, There Will Be Many Winners: Opinion
Nov 13 2017 // Foreign insurers, especially AIA Group Ltd., can break out the champagne: China’s opening of its financial markets is great news. The day after U.S. President Donald Trump left Beijing with billions of dollars of...
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers
Nov 10 2017 // China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures,...
China Pledges to Keep Easing Barriers to Entry for Foreign Insurers, Banks
Nov 9 2017 // China pledged to keep nudging open the door to its mammoth financial industry — but it will do so at its own pace. On Thursday, amid a slew of Sino-U.S. dealmaking during President Donald Trump’s visit to...
China Taiping Insurance in Talks to Buy $1.3B Building in Hong Kong: Sources
Nov 8 2017 // A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of the matter. China...
China May Be Poised to Outpace U.S., Europe in Insurtech Innovation
Nov 3 2017 // Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to outpace U.S. and European counterparts developing insurtech innovations. Unencumbered by...
What Trump Declaring Opioid Crisis a Public Health Emergency Means
Oct 27 2017 // U.S. President Donald Trump declared the opioid crisis a public health emergency on Thursday, stopping short of a national emergency declaration he promised months ago that would have freed up more federal...
China Delivery Firm ZTO Joins Consortium to Set Up Logistics Insurer – to Fill Coverage Gap
Oct 18 2017 // ZTO Express (Cayman) Inc., a Shanghai, China-based express delivery company, announced it has joined a seven-member consortium of its peers to set up a logistics insurer. ZTO said the insurer is being launched to fill the...
It’s Complicated: U.S. Business Stance on China Over Intellectual Property Theft
Oct 11 2017 // U.S. businesses and trade groups are split over how forcefully to crack down on China over intellectual property theft, with some arguing the country is making progress on its own in enforcing protections and urging the...
Q3 2017 Likely to Be One of Costliest for Natural Disasters: Aon Report
Oct 6 2017 // The third quarter of 2017 is likely to break a new record as one of the costliest quarters for natural catastrophes, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. “The...
Syngenta Settles With U.S. Farmers in China Corn Trade Case
Sep 28 2017 // Swiss agribusiness giant Syngenta said it has agreed to settle tens of thousands of U.S. lawsuits by farmers over the company’s rollout of a genetically engineered corn seed variety before China approved it for...
China’s Former Insurance Regulator Faces Criminal Charges
Sep 27 2017 // China’s top anti-corruption agency says the country’s former insurance regulator has been expelled from the ruling Communist Party and turned over to prosecutors to face criminal charges. A weekend statement by...
U.S. Balks at China Cybersecurity Law, Fears It Will Hurt Global Trade
Sep 27 2017 // The United States has asked China not to implement its new cyber security law and is concerned it could damage global trade in services, a U.S. document published by the World Trade Organization showed on Tuesday. China...
Russia National Reinsurance Co. to Expand into China, India, Middle East & Africa
Sep 22 2017 // Russian National Reinsurance Co. (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. State-owned RNRC was set up...
AIA Buys Commonwealth Bank of Australia’s Life Insurance Business for A$3.8B
Sep 21 2017 // AIA Group Ltd. agreed to buy Commonwealth Bank of Australia’s life insurance business for A$3.8 billion (more than $3 billion), in its most ambitious foray beyond the Hong Kong-based company’s core markets in...
Chinese Insurer ZhongAn Initiates $1.5 Billion Hong Kong IPO
Sep 18 2017 // ZhongAn Online P&C Insurance Co., China’s largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as $1.5 billion. The Shanghai-based company is offering...
Conn. Court Supports $41.7M in Damages to Student Disabled by Tick Bite on School Trip
Sep 18 2017 // A student permanently disabled by a tick bite while on a school field trip in China is entitled to $41.7 million in damages, according to the Connecticut Supreme Court’s August ruling in support of a jury’s...
China’s Anbang & Conglomerate HNA Eyed Buying Stakes in Allianz: Sources
Sep 6 2017 // China’s Anbang Insurance Group Co. Ltd. and HNA Group Co. Ltd. separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of...
Fosun’s Plans for Overseas Growth ‘Don’t Clash’ with China’s M&A Crackdown
Sep 5 2017 // Fosun International Ltd., one of the companies in the cross hairs of a Chinese government crackdown on offshore acquisitions, says its plans for growth don’t clash with the authorities’ agenda. The acquisitive...
China’s Fosun to Continue ‘Genuine’ Overseas M&A
Aug 31 2017 // Fosun International, one of China’s most acquisitive conglomerates, brushed off the impact of a crackdown on overseas dealmaking and said it welcomed Beijing’s guidelines on offshore investment, as it posted a...
