Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China’s Biggest Oil & Gas Producer Halts Fracking After Series of Quakes
Feb 27 2019 // The backlash against shale drilling in earthquake-prone regions — a thorn in the side of U.S. energy companies for the past decade — reached China this week after a series of temblors killed two people and...
Ping An Insurance Readies $8 Billion IPO of Fintech OneConnect
Feb 25 2019 // Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about $8 billion,...
China Regulator Tells Banks, Insurers to Do More for Private Firms
Feb 25 2019 // China’s banking and insurance regulator said on Monday it had told all of the country’s banks to sharply increase lending to private companies, as policymakers step up support for the slowing economy. Big...
Millions in China Penalized Under Communist’s ‘Social Credit’ System
Feb 25 2019 // Skipped paying a fine in China? Then forget about buying an airline ticket. Would-be air travelers were blocked from buying tickets 17.5 million times last year for “social credit” offenses including unpaid...
U.S. Working with Mexico, Canada to Block African Swine Fever
Feb 22 2019 // The United States, Canada and Mexico are coordinating efforts to prevent the arrival of a highly contagious swine disease that has swept through China’s hog herd and parts of Europe, U.S. Agriculture Secretary Sonny...
China Regulator to Retain Control of Anbang Insurance Group Until Next Year
Feb 22 2019 // China’s banking and insurance regulator said on Friday it will extend its control of Anbang Insurance Group Co. Ltd. for one year to Feb. 22, 2020. The regulator will maintain the stable operation of Anbang and...
China Abandons Pledge, Returns to Very Active Hacking of U.S., Report Says
Feb 19 2019 // China largely abandoned a hacking truce negotiated by Barack Obama as President Donald Trump embarked on a trade war with Beijing last year, according to the cybersecurity firm Crowdstrike Inc. A slowdown in Chinese...
China’s Ant Financial Buys UK Payments Company WorldFirst
Feb 14 2019 // Ant Financial, the Chinese financial services giant controlled by billionaire Jack Ma, bought London-based payments company WorldFirst in its biggest overseas deal since a U.S. expansion was thwarted. The acquisition marks...
Sirius Int’l Is Insulated from Liquidity Issues at Chinese Parent Firm CMIG: S&P
Feb 12 2019 // Reported liquidity issues at China Minsheng Investment Group (CMIG), the ultimate owner of Sirius International Group, will not affect Sirius Group’s creditworthiness, said a bulletin issued by S&P Global...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Business Moves
Feb 4 2019 // National China Re, Chaucer, Hanover China Reinsurance (Group) Corp. has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. – the major portion of Hanover Insurance Group’s Lloyd’s...
CIA Says China, Russia Pose Biggest Cyber Attack Threats to U.S.
Jan 30 2019 // Russia and China pose the biggest espionage and cyber attack threats to the United States and are more aligned than they have been in decades, the leader of the U.S. intelligence community told U.S. senators on...
China’s Ping An P&C Unveils Credit-Based Smart Auto Insurance Claim Solution
Jan 30 2019 // Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits. The credit-based...
Metals Financing Fraud Lawsuits Reveal Risks of Relying on Paper Receipts
Jan 28 2019 // When the man running one of London’s biggest metals brokerages found a new client who wanted to finance large volumes of nickel held in warehouses in Asia, he thought the deal promised major rewards. Less than a year...
Bank Issues China’s First Perpetual Bond as Investment Restrictions on Insurers Eased
Jan 25 2019 // China’s fourth-largest lender on Friday issued the first-ever perpetual bonds by a Chinese bank, with yields at the low end of market expectations after new policies to support their issuance boosted market...
Anbang Insurance Assets for Sale Include Manhattan Building, Health Insurer, Hotels
Jan 25 2019 // Anbang Insurance Group Co., which symbolized the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is...
Volvo Recalls 200,000 Cars to Fix Potential Fuel Leakage Problem
Jan 23 2019 // Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment...
Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap
Jan 22 2019 // The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses,...
Germany, China Agree to Expand Market Access in Insurance, Banking, Finance
Jan 18 2019 // Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements...
Germany, China Discuss Ways to Improve Market Access for Insurers, Banks
Jan 17 2019 // Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade...
