Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Conn. Court Supports $41.7M in Damages to Student Disabled by Tick Bite on School Trip
Aug 22 2017 // The Connecticut Supreme Court in August supported a jury’s decision to award $41.7 million in damages to a student permanently disabled by a tick bite while on a school field trip in China, stating that schools in...
Chinese Venture Capital Firm, Sinovation Ventures, Boosts Investment in AI
Aug 22 2017 // For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so they could get advice and collaborate with each other. But about three months ago, the last of the...
Group Led by Yunfeng Financial to Buy MassMutual’s Asia Unit for $1.7B
Aug 18 2017 // A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services...
China’s Ping An Reports Biggest Half-Yearly Profit in Decade
Aug 17 2017 // Ping An Insurance Group Co of China , the country’s second-largest insurer by market value, on Thursday reported its biggest half-yearly profit in at least a decade on robust growth in life insurance premiums. The...
China to Further Open Its Economy to Foreign Investments in Insurance, Banking
Aug 16 2017 // China, facing a possible decline in foreign investment this year, will become more open for international investors and take steps to better protect intellectual property, its cabinet said on Wednesday. In recent months,...
Taiwan Power Outages Disrupt Some Semiconductor Manufacturing
Aug 16 2017 // A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently pushed to its limit and to President Tsai Ing-wen’s efforts to reshape the...
Global Insurance M&A in H1 Drops to Lowest Point in 2 Years: Clyde & Co.
Aug 10 2017 // The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016,...
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG
Aug 9 2017 // Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American...
Asia Floods Bring Economic Damages of More Than $10B in July: Aon Report
Aug 9 2017 // The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report published by Impact...
Arkansas Farmers Still Optimistic Despite Ravaging from Floods
Aug 4 2017 // While spring floods left many rice farmers with fewer acres of rice than they originally planned, they’re hopeful a rising market can offset at least some of the lost acreage. “We had 1,400 acres, and we were...
China’s Move to Curb Overseas Deals Designed to Avoid Japan-Style Bust
Aug 3 2017 // President Xi Jinping’s top economic adviser commissioned a study earlier this year to see how China could avoid the fate of Japan’s epic bust in the 1990s and decades of stagnation that followed. The report...
New York’s Waldorf Owner Pressured to Sell as China Clampdown Escalates
Aug 1 2017 // When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a deal that would...
Transgender Chinese Man Wins Groundbreaking Job Discrimination Lawsuit
Aug 1 2017 // A Chinese court has ruled that a transgender man was unjustly dismissed by a former employer, the plaintiff said Thursday [July 27], in the country’s first such discrimination lawsuit. The 29-year-old man, who...
Quick Selldown of Anbang’s Overseas Assets May Prove Difficult
Aug 1 2017 // As Anbang Insurance Group Co. comes under pressure to reverse a $10 billion-plus global deal spree, a quick selldown of assets may not be so easy. China is said to have asked the acquisitive insurer to sell its overseas...
Chinese Government Asks Anbang Insurance to Sell Overseas Assets: Sources
Jul 31 2017 // When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a deal that would...
Fosun’s Chairman Supports Chinese Government Restrictions on Overseas M&A
Jul 31 2017 // Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government’s clampdown on outbound investments is necessary to...
Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform
Jul 27 2017 // Ironshore’s Pembroke Managing Agency Ltd. has launched a Project Cargo Consortium to serve the Lloyd’s China platform, offering capacity limits of up to US$178 million. Pembroke Lloyd’s Syndicate 4000...
Tillerson’s State Department Reorganization Sidelines Cybersecurity Unit: Report
Jul 19 2017 // Secretary of State Rex Tillerson is shutting down an office that coordinates cyber issues with other countries, according to two people familiar with the plan, in a move that critics said will diminish the U.S. voice in...
China’s Central Bank to Assume Bigger Role in Oversight of Financial System
Jul 17 2017 // China’s central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that...
China Regulators End Insurer Deal Spree, Favoring Risk Managers, over Risk Makers
Jul 14 2017 // The revolution in China’s insurance industry that helped unleash about $80 billion of acquisitions started with a whimper and ended with a bang. With little fanfare, China’s top insurance official, Xiang Junbo,...
