Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Alibaba’s Finance Unit, Ant, to Focus on Asia Expansion – Before Going Global
Nov 1 2016 // Ant Financial Services Group, the world’s biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. Ant, Alibaba Group...
Swiss Re Covers China’s Economic Hub, Guangdong, for Nat Cats up to $350M
Oct 28 2016 // Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in...
Ironshore Int’l Offers Documents, Services in Mandarin for M&A Unit
Oct 27 2016 // Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The service involves a...
Ping An Insurance Executive Says Stock Considerably Undervalued
Oct 25 2016 // Ping An Insurance (Group) Co., the world’s second-largest insurer by market value, is undervalued by as much as 45 percent, a senior executive at the company said. The $94 billion company, whose businesses span...
Chinese Insurance Spree Continues as China Oceanwide Bids $2.7 Billion for Genworth
Oct 24 2016 // China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas. Monday’s deal...
Typhoon Haima Hits China as Weaker Storm; AIR Worldwide Comments
Oct 21 2016 // Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider...
Typhoon Haima Batters Philippines; Weakened Storm Heads to China
Oct 20 2016 // More than 90,000 people were evacuated after Typhoon Haima left vast areas of the Philippines flooded and without electricity as the strongest storm to hit the nation this year heads toward China. Haima, a Category 5 super...
Philippines Readies for Super Typhoon Haima – in 2nd Storm in a Week
Oct 19 2016 // The Philippines raised the storm alert for two northern provinces to its highest level as authorities moved people to safer ground, canceled work and suspended flights before Super Typhoon Haima is due to make landfall as...
U.S. Scrutiny of Fosun’s Ironshore Sends Signal on Other China Deals
Oct 12 2016 // Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs. China’s Fosun International Ltd. took that history to heart last year when it paid $1.84 billion for the remaining 80...
China to Encourage More Investments in Portugal (Including Insurance)
Oct 10 2016 // China will encourage more of its companies to invest in Portugal in areas such as finance, insurance, health care and infrastructure, President Xi Jinping has told the visiting Portuguese Prime Minister Antonio Costa. Both...
China’s Shenzhen Qianhai Reported to Be Buying Singapore Reinsurer ACR Capital
Oct 5 2016 // Shenzhen Qianhai Financial Holdings Co. is close to an agreement to buy ACR Capital Holdings Pte, a reinsurer backed by Singapore’s Temasek Holdings Pte, for about $1 billion, according to people with knowledge of...
China Insurance Market Ripe for Digital Disruption: Viewpoint
Oct 4 2016 // China’s tech giants — Baidu, Alibaba and Tencent — increasingly have a finger in every part of the economy. So why aren’t they bigger participants in what should be an easy sell online:...
Typhoon Meranti Insured Losses in China Could Top $1 Billion: AIR Worldwide
Sep 29 2016 // Insured losses on mainland China from September’s Typhoon Meranti are expected to fall between $650 million (CNY 4.3 billion) and $1.15 billion (CNY 7.7 billion). According to catastrophe modeling firm AIR Worldwide,...
China State-Owned Firm Managers Held Personally Liable for Bad M&A Deals
Sep 29 2016 // Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable – for life. Under new rules unveiled by China’s State Council,...
Typhoon Megi Hits Taiwan, Bringing 20 Foot Waves, Power Cuts; RMS Comments
Sep 27 2016 // Typhoon Megi lashed Taiwan with wind and rain on Tuesday, bringing 20-foot-high waves and knocking pedestrians off their feet in Taipei. More than 280,000 households lost electricity, state-owned utility Taiwan Power said...
Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun
Sep 26 2016 // Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee...
12 Extreme Weather Events of the Summer of 2016
Sep 23 2016 // The summer of 2016 has lurched from one extreme weather disaster to another at great cost in lives and damages. Here are just some of the worst and weirdest, according to insurance statistics and meteorologists: Flooding...
Typhoon Meranti Hits China; 6 Reported Dead, More Missing
Sep 16 2016 // At least six people died and six are missing as Typhoon Meranti, the strongest storm in the world this year, passed through China. The storm, which earlier killed one person and injured several in Taiwan, claimed three...
Super Typhoon Meranti Batters Taiwan: Risk Modelers AIR, RMS Assess Impact
Sep 15 2016 // Super Typhoon Meranti delivered very strong wind, high storm surge, and flooding precipitation to southern Taiwan as it passed through Luzon Strait near noon local time Wednesday. According to catastrophe modeling firm AIR...
Tesla Faces Lawsuit Over Crash in China
Sep 15 2016 // Tesla Motors Inc. said it has no way of knowing whether its Autopilot system was involved in a crash in China that killed the driver because the car was too damaged to transmit data. A court in Beijing’s Chaoyang...
