Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
EU Submits U.N. Climate Pledge; Urges U.S., China to Follow
Mar 9 2015 // The European Union on Friday submitted its formal promise on how much it will cut greenhouse gas emissions to the United Nations ahead of climate change talks starting in November and called on the United States and China...
Report on Missing Malaysia Airlines Flight 370 Says Locator Battery Expired
Mar 9 2015 // The Malaysia Airlines flight that went missing one year ago Sunday had an underwater locator beacon whose battery had expired in December 2012, according to an interim report on the incident. Flight 370 was also carrying...
China Says Tech Firms Have Nothing to Fear From Draft Anti-Terror Law
Mar 4 2015 // China’s proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after U.S. President Barack Obama warned of its impact and demanded...
China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk
Mar 4 2015 // China’s Premier Li Keqiang has told the world’s fastest-growing major insurance industry to boost capital as rating companies warn of shadow-banking investments. Policy providers will need cushions commensurate...
China’s Draft Counter-Terrorism Law Alarms Foreign Technology Firms
Feb 27 2015 // China is weighing a far-reaching counter-terrorism law that would require technology firms to hand over encryption keys and install security “backdoors,” a potential escalation of what some firms view as the...
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit
Feb 26 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in China and Hong Kong. Net income climbed to $3.45...
FBI Says It’s Close to Identifying Anthem Hackers
Feb 25 2015 // The FBI said it’s close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of Investigation officials...
China’s Anbang Insurance to Recapitalize Vivat, Former SNS Reaal Unit
Feb 17 2015 // Anbang Insurance Group Co., which bought New York’s Waldorf Astoria Hotel, will increase the capital of Dutch insurer Vivat by as much as 1 billion euros ($1.14 billion) after agreeing to buy the company. Anbang,...
Starwood Capital to Sell NYC’s Baccarat Hotel to Chinese Insurer for $230M
Feb 9 2015 // Barry Sternlicht’s Starwood Capital Group agreed to sell New York’s luxury Baccarat Hotel to an affiliate of China’s Sunshine Insurance Group. The 114-room property on Manhattan’s West 53rd Street...
States Begin Investigating Insurer Anthem’s Data Breach
Feb 6 2015 // Several U.S. states are investigating a massive cyber attack on No. 2 U.S. health insurer Anthem Inc that a person familiar with the matter said is being examined for possible ties to China. Anthem disclosed the attack...
TransAsia Turboprop Crashes Near Taipei; 2nd Fatal Accident Within Year
Feb 4 2015 // A TransAsia Airways Corp. turboprop plane crashed into a river near Taipei moments after taking off, killing at least 19 of the 58 people on board in the second fatal accident in less than a year for the Taiwanese...
Asia’s Top-Performing Hedge Fund Bullish About China Insurers
Jan 27 2015 // Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help...
Willis China Unveils New Leadership Team to Drive Expansion
Jan 23 2015 // Willis Group Holdings plc, the global risk adviser, insurance and reinsurance broker, has announced a group of internal promotions and moves to strengthen the Willis China leadership team. Mitchell Ma has been appointed as...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
U.K. Power Grid Under Cyber-Attack Every Minute; Government Hikes Defenses
Jan 9 2015 // The U.K. government is one step ahead of hackers trying to turn off the country’s lights — for now. The prospect of cyber-attacks on the nation’s power network is major threat to the country’s...
China’s Fosun to Buy Meadowbrook Insurance for $433M
Dec 31 2014 // China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash. Fosun said that the acquisition...
Anbang Expands Reach With Diverse Investments in China, Europe & US
Dec 19 2014 // Anbang Insurance Group Co., the Chinese insurer that’s buying New York’s Waldorf Astoria hotel, is expanding at home with investments from China Minsheng Banking Corp. to Financial Street Holdings Co. The...
China Forms 1st Insurance Fund to Cap Financial Risk in Shadow Banking
Dec 19 2014 // China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country’s banking regulator said. The fund, jointly established by China...
China Journal Says Planned Insurance Trust Fund to Start with $6.5 Billion
Dec 16 2014 // A planned insurance fund for China’s trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing unidentified officials...
