Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Microsoft Insurer Loses Bid To Recoup $175M from Xbox Chipmaker Hit by Fire
Apr 4 2019 // Microsoft Corp.’s captive insurer has lost its bid to recover $175 million in costs the software maker said it incurred in 2013 to replace memory chips that a manufacturer failed to deliver because of a fire at the...
Bayer Detects and Covertly Monitors Cyber Attack – Before It Removes Threat
Apr 4 2019 // German drugmaker Bayer has contained a cyber attack it believes was hatched in China, the company said, highlighting the risk of data theft and disruption faced by big business. Bayer found the infectious software on its...
Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance
Apr 1 2019 // Mynt, the Philippine payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s...
China Factory Explosion Kills 7 People in Second Deadly Blast During March
Apr 1 2019 // A plant explosion in China’s Jiangsu province killed seven people on Sunday, authorities said, the second deadly blast in the province this month as Beijing begins a nationwide industrial safety inspection...
China Pledges Expanded Market Access for Foreign Investors in Banking, Insurance
Mar 28 2019 // China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector, Premier Li Keqiang said on Thursday, as senior U.S. officials arrived in...
FDA Vows Tougher Testing as More Manufacturers Outsource
Mar 27 2019 // U.S. regulators plan to revamp rules governing how medicines are manufactured, in an effort to ensure the safety of the nation’s drug supply as recalls of contaminated imports from developing countries...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures
Mar 27 2019 // Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city’s retail banking...
Global Carbon Emissions Hit Record in 2018 on Higher Fossil Fuel Consumption
Mar 27 2019 // Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India. Those findings...
In ‘Trump Country’ Farm Belt, Flooding Woes Add to Trade War Stress
Mar 26 2019 // Nebraska grain farmer Ryan Ueberrhein was barely breaking even after the U.S.-China trade war pushed prices for his soybean crop to a decade low. Then the nearby Elkhorn River burst its banks as flooding swept across the...
Massive Explosion at Chinese Pesticide Plant Kills at Least 64
Mar 25 2019 // Rescuers in eastern China pulled a survivor from rubble early on Saturday [March 23], two days after a massive explosion at a pesticide plant killed at least 64 people, flattening nearby buildings and shattering windows...
Emerging Economies to Take Larger Stake in Global Growth in 10 Years
Mar 18 2019 // Emerging markets will remain the growth engine of the global economy and insurance industry during the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s...
Ping An’s Share Buyback Can’t Recapture Its 2017 Fintech Glory Days: Opinion
Mar 14 2019 // Sometimes, boring can be a good thing. Ping An Insurance (Group) Co.’s buyback looks like an attempt to recapture its 2017 glory days, when a series of exciting fintech initiatives turned the Chinese insurer into a...
Update: Groundings of Boeing 737 MAX 8 Cascade Globally
Mar 13 2019 // Aviation regulators around the globe are grounding Boeing‘s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. Regulators in the United States, where Boeing is based, remained an...
China Re Launches Renewable Energy Consortium for Offshore Wind Farms in China
Mar 11 2019 // China Re Corp. announced the launch of a renewable energy consortium at Lloyd’s, focused on project specific reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s...
Shares of China’s Largest Property Insurer PICC Begin Their Expected Steep Descent
Mar 11 2019 // Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be a prolonged and rocky journey. People’s Insurance Co. (Group) of China Ltd.’s...
Update: Ethiopia Airlines Crash Prompts Some Nations to Ground Boeing 737 MAX 8s
Mar 11 2019 // China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday as witnesses recalled the terrifying spectacle of smoke and debris trailing from an Ethiopian Airlines plane before it crashed...
Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma
Mar 8 2019 // Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s...
Chubb Increases Stake in China’s Huatai Insurance Group to 26.2%
Mar 5 2019 // Chubb Ltd. announced it has received Chinese regulatory approval to increase the company’s ownership in Huatai Insurance Group Co. Ltd. to 26.2 percent from 20 percent, effective Feb. 27, 2019. Financial terms of the...
China Seeks to Reach Deal with U.S. to Open Financial Sector, Despite Difficult Talks
Mar 5 2019 // China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator said on Tuesday, even as the country’s commerce minister admitted...
AIG Sells Entire Stake in China’s PICC Group at a Discount
Feb 28 2019 // American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December...
