Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
FGL Pulls $1.6B Deal with China’s Anbang; Other Suitors Interested
Apr 18 2017 // Fidelity & Guaranty Life terminated its $1.6 billion agreement to be purchased by China’s Anbang Insurance Group Co. and said it will weigh other possible deals. FGL’s board “is continuing to evaluate...
China’s Ant Financial Raises Bid for Fintech Firm, MoneyGram, by 36%
Apr 17 2017 // China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces...
China’s Anbang to Abandon Attempt to Buy FGL: Sources
Apr 17 2017 // China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory...
China’s Ant Financial to Offer Mobile Finance Services in Indonesia
Apr 12 2017 // Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up...
Starbucks in China Provides Health Cover for Workers’ Parents
Apr 11 2017 // Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used by more than 10,000 people to treat conditions such as...
China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Chairman of China’s Insurance Regulator Investigated for ‘Severe’ Violations
Apr 10 2017 // China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance...
What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix
Mar 30 2017 // Can you imagine an even hotter, drier Phoenix? Certainly not if you’ve been to the sun-drenched Arizona capital in the summer. Such an inconceivable scenario is being proposed by the LA Times. “Today, Phoenix...
Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’
Mar 30 2017 // The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the...
Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts
Mar 29 2017 // China’s Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn...
CEO & Co-Founder of China’s Fosun Resigns for Health Reasons
Mar 29 2017 // Fosun International Ltd , one of China’s most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group’s...
UK’s Aviva Eyes Sale of Friends Provident Int’l Unit for $500M-$700M: Source
Mar 28 2017 // Aviva Plc is exploring a sale of its Friends Provident International unit, which offers life assurance and investment products, in a deal that could raise between $500 million and $700 million, a source with direct...
As China Liberalizes Financial Sector, It Seeks ‘Better Treatment’ Abroad
Mar 27 2017 // People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors. Areas of...
China’s Ping An to Invest $100M a Year in Japan in Diversification Bid
Mar 27 2017 // Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China. China’s second-largest insurer will put money with private equity...
Half of Global Insurance Premium Growth Tied to China: Allianz Research
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the...
China’s Anbang Insurance Bullish on Investing in Europe
Mar 20 2017 // The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic...
Reinsurers Seek Higher Returns Through Customized Business
Mar 20 2017 // Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or...
Senators Want U.S. to Weigh Food Safety in Acquisitions by Foreign Firms
Mar 16 2017 // Two U.S. senators from Midwestern states will introduce a bill on Tuesday that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food...
RMS Launches Agricultural Risk Models for India and China
Mar 15 2017 // RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, and plans to expand coverage across Asia-Pacific and the...
China’s Anbang Insurance Group Denies Report of Kushner Property Investment
Mar 15 2017 // China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser. Anbang Insurance...
