Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Zhongan Online P&C Insurance Pulls H.K. IPO Plans; China Listing Eyed: Sources
Dec 21 2016 // Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is instead focusing on a listing in mainland China, people familiar with the matter said. Lukewarm overseas...
Urine Test for Fatigue Could Help Prevent Accidents
Dec 8 2016 // Doctors, pilots, air traffic controllers and bus drivers have at least one thing in common — if they’re exhausted at work, they could be putting lives at risk. But the development of a new urine test, reported in...
ThyssenKrupp’s Trade Secrets Targeted in ‘Massive’ Cyber Attack
Dec 8 2016 // Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the...
Uber Drivers in Taiwan Threatened with Fines of $780,000 in Draft Rules
Dec 6 2016 // Investors and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber Technologies Inc., one of Silicon Valley’s most disruptive...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
China’s Insurers Have Major Risk Management Deficiencies, Warns Regulator
Dec 5 2016 // Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman...
Chinese Insurers May Hike Overseas Investments by $100B over 3 Years: BNP Paribas
Dec 1 2016 // Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real estate, BNP Paribas said on...
Emerging Markets to Drive Insurance Sector Growth in 2017: Swiss Re
Nov 28 2016 // The global economy is expected to grow moderately over the next two years, supporting continued growth in insurance premium volumes, according to a Swiss Re report. Growth in global non-life premiums is forecast to fall...
Allianz to Launch Subsidiary in China to Target Overseas Investments: Sources
Nov 28 2016 // German insurer Allianz is setting up a wholly-owned unit in Shanghai to launch hedge funds that invest abroad, three sources said, as some foreign managers prepare for China to ease curbs on overseas investments aimed at...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
Nov 21 2016 // China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s...
China’s Fosun International to Buy Stake in Portugual’s BCP for $185M
Nov 21 2016 // Fosun International Ltd. agreed to pay 174.6 million euros ($185 million) for a stake in Banco Comercial Portugues SA, Portugal’s biggest publicly traded lender by assets. A unit of Fosun will subscribe to about...
Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition
Nov 18 2016 // China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following criticism of it from overseas technology rivals. The...
China’s Anbang Insurance Set to Buy Toronto Tower for at Least $395M: Source
Nov 17 2016 // China’s Anbang Insurance Group Co. is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal. Anbang is...
China May Allow Foreign Investors to Hold Controlling Stakes in Financial Firms
Nov 11 2016 // China may allow foreign investors to hold controlling stakes in mainland securities, fund management and insurance companies, the Chinese and British governments said, underlining Beijing’s commitment to opening up...
Global Fight Against Climate Change to ‘Suffer a Blow’ from Trump Victory
Nov 10 2016 // The global fight against climate change will suffer a blow from Donald Trump’s victory in the U.S. presidential election, threatening the industries working to clean up pollution from fossil fuel. The next president...
China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps
Nov 9 2016 // China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles...
Recent Cyber Attacks Reveal Dangers, Vulnerabilities of Internet of Things
Nov 8 2016 // Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things. The problem for the device makers,...
China Passes Controversial Cyber Security Law Despite Foreign Business Concerns
Nov 7 2016 // China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber...
China’s Online Insurer ZhongAn Launches Fintech Incubator
Nov 4 2016 // ZhongAn Online Property & Casualty Insurance Co. Ltd., China’s first online insurance company, has launched a fintech innovation company. The company, called Called ZhongAn Information and Technology Services Co....
China’s Controversial Cyber Security Law Progresses Despite Foreign Protests
Nov 1 2016 // A controversial Chinese cyber security law that has sparked protests from foreign governments and business groups neared approval on Monday as parliament held the third reading of the draft bill. The official Xinhua news...
