Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
IMF Urges China to Accelerate Opening of Economy to Outside World
May 30 2018 // China has made progress on reforms but should allow market forces to play a more decisive role and accelerate its opening up to the rest of the world, the International Monetary Fund said. While credit growth has slowed,...
Reuters: China’s Ant Financial Raises $10 Billion at $150 Billion Valuation
May 29 2018 // Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors,...
Mercer’s Sun to Succeed Zheng as CEO of AIG’s China Insurer
May 24 2018 // American International Group announced that Lisa Sun will join the company as chief executive officer of AIG Insurance Company China. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong...
Willis Granted Full Insurance Broker License by China
May 23 2018 // Willis Towers Watson reports that China’s Banking Insurance Regulatory Commission (CBIRC) earlier this month approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance...
Adviser to China Central Bank Urges Two-Track Opening for Financial Services
May 21 2018 // China’s financial services market should be opened further to foreign competition, but liberalization of cross-border capital flows should be done more cautiously, an adviser to China’s central bank said at a...
Best Countries to Locate a Business in Age of Cyber, Storms, Fires and Political Risk
May 16 2018 // The risk of cyber attack, once overhyped, now threatens businesses’ very existence. Its severity varies significantly with geography: For example, inherent cyber risk has climbed in France over the past year while...
Nations with National Regulatory Policies Outpacing U.S. on Driverless Cars
May 15 2018 // Cars that drive themselves are finding the clearest paths to showrooms in the U.K., Germany, South Korea and Singapore, where governments have enacted legislation allowing autonomous vehicles to be tested on public roads....
Chinese Insurers Seeking Better Returns Turn to Shadow Lending: Reuters
May 13 2018 // Chinese insurers are channeling funds through shadow lenders to real estate and local government infrastructure projects in a bid to boost returns, six insurance and trust sources told Reuters. The practice undermines...
Ant Financial About To Reap $10 Billion in Fundraising Round
May 11 2018 // Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as...
China’s Anbang Insurance Eyes Divestment Strategy
May 9 2018 // Anbang Insurance Group Co., the once-acquisitive Chinese insurer that’s operating under government control, said it is in the process of reviewing all of its overseas assets amid reports of imminent...
Opening of China’s Financial Sector Offers Opportunities, Risks
May 8 2018 // China’s $42 trillion financial sector is set to open up to the world like never before. To deliver on longstanding pledges and help stave off the threat of tariffs from U.S. President Donald Trump, Chinese officials...
China’s New Systemic Risk Rules May Curb Giant Ant Financial
May 8 2018 // There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal,...
China Growth Helps Raise AIA Q1 New Business Value
May 4 2018 // AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in the first quarter, as growth in China offset slowing Hong Kong sales. The measure of estimated...
China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance
Apr 30 2018 // China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push...
China Restricts Non-Financial Firms’ Investments in Financial Firms
Apr 27 2018 // China’s central bank and financial regulators have issued guidelines to strengthen supervision on non-financial companies investing in financial institutions. China will strictly restrict irrational and blind...
China Reports Car Accident in North Korea Kills 36
Apr 25 2018 // A traffic accident in southern North Korea has killed 32 Chinese tourists and four North Koreans, Chinese officials said Monday. Another two Chinese tourists were badly injured and were in ‘acutely serious...
Explaining Ant Financial’s $150B Valuation – and Investor Enthusiasm for China Tech
Apr 18 2018 // Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly...
Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources
Apr 12 2018 // Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said. The once-acquisitive...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources
Apr 11 2018 // China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan...
China to Raise Foreign Ownership Limit in Financial Services by Year-End
Apr 11 2018 // China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from the United States and others that it...
