Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Climate Researchers Lower Global Warming Forecast on Plans to Cut Emissions
Dec 8 2014 // Climate researchers lowered their forecast for global warming for the first time since 2009 after the greenhouse gas polluters agreed to limit their emissions over the next 15 years, a group of European academics...
Virginia Drywall Victims Get Settlement Checks, but Many Are Still Ruined
Dec 5 2014 // The settlement checks have been arriving without fanfare in the mailboxes of 262 Virginia families whose homes were built with toxic Chinese-made drywall. It’s the first money that many of the families in a...
Ping An Insurance Said to Make Offer for Frankfurt’s The Squaire
Dec 5 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, has submitted a bid for The Squaire building in Frankfurt, people with knowledge of the matter said. The Squaire, a ship-like office and hotel complex...
China’s Ping An to Raise $4.75 Billion in Hong Kong Share Sale
Dec 1 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said it will raise HK$36.8 billion ($4.75 billion) in Hong Kong’s biggest share sale in almost two years to replenish equity and working...
China Re to Underwrite at Lloyd’s, Syndicate to Be Managed by Catlin
Nov 21 2014 // China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially...
Hong Kong’s Appeal to Financial Community Survives Protests: Poll
Nov 18 2014 // Hong Kong’s appeal to the financial community has withstood pro-democracy protests that threatened to become the city’s biggest political crisis in decades, according to a Bloomberg Global Poll. Eighty-seven...
Anbang Insurance Plans $2 Billion IPO, on Heels of Waldorf Astoria Purchase
Nov 12 2014 // Anbang Insurance Group Co., the Chinese insurer buying New York’s Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter said. The...
Waldorf Sale to Chinese Firm Risks U.S. Review Over Spying Concerns
Nov 9 2014 // For years, high-profile guests at New York City’s landmark Waldorf Astoria hotel could be assured their private conversations wouldn’t be overheard by anyone — except, perhaps, by U.S. spies. That may be...
China’s Ping An Gets Approval to Raise Capital in Hong Kong Share Sale
Nov 7 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, won regulatory approval for a private placement that may amount to as much as $5 billion, Hong Kong’s biggest share sale in almost two years. The...
U.S. Didn’t Reveal Potential Chinese AIG Rescue, Ex-CEO Testifies
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert...
China Moving to Ease Rules on Foreign Participation in Financial Services
Nov 5 2014 // China is moving to raise its global competitiveness by loosening restrictions on foreign investment in more manufacturing and services sectors, the country’s top regulator said. In a draft foreign investment catalog...
China’s PICC P&C Plans $1.2 Billion Rights Offer
Nov 5 2014 // PICC Property & Casualty Co., China’s biggest non-life insurer, said it plans to raise 7.25 billion yuan ($1.2 billion) in a rights offer in Hong Kong and China to replenish capital. The shares dropped. The...
Audi Cars in China Recalled Over Airbags From German Supplier
Oct 29 2014 // FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG, will recall 270,635 Audi cars in China due to an air bag software issue, China’s quality watchdog said. A spokeswoman at Audi China said the...
China Insurers Face Shadow Banking Default Risk: Ratings Agencies
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust...
Ping An Profit Rises, Along With Investment Returns
Oct 28 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said profit rose in the third quarter as banking revenue expanded and a stock-market rally bolstered investment returns. Net income climbed to 10.3...
LexisNexis and Jing You Plan China Joint Venture for Auto Carriers
Oct 23 2014 // LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China....
Towers Watson Predicts Moderate Global Growth, Downside Risks
Oct 22 2014 // Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular...
China’s Anbang Insurance to Acquire Waldorf Astoria for $1.95B
Oct 20 2014 // Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the storied hotel for the next 100 years as part of an...
AIA Group’s New Business Growth Up 23%
Oct 17 2014 // AIA Group Ltd., the second-largest insurer by market value based in Asia, posted a higher-than- expected value of new business growth of 23 percent in the third quarter, aided by expansion in its largest markets. The...
U.S. Eyes Sale of New York’s Waldorf Hotel to Chinese Insurer
Oct 15 2014 // Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company. U.S. officials said Monday...
