Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
IMF Head Sees Global Economy on Recovery Path, but Risks Remain
Mar 19 2012 // The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks...
Survey Finds Emerging Markets’ Growth in Auto Financial Services
Mar 8 2012 // A survey from London-based Finaccord found that in ten emerging economies, surging car sales have doubled the value of their automotive finance and leasing markets in five years, to reach $182 billion Finaccord said:...
Willis Receives Approval for New China Office in Chongqing
Mar 7 2012 // Willis China, a part of Willis Group Holdings, announced that the Chinese Insurance Regulatory Commission (CIRC) has granted it approval to open a new office in the megalopolis of Chongqing, which Willis said is a...
HSBC Sells General Insurance Business to AXA, QBE for $914 Million
Mar 7 2012 // HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest...
China to Open Auto Insurance Market
Mar 5 2012 // China has agreed to an important financial sector reform by opening up its massive auto insurance market to foreign competition. During a meeting with U.S. business chiefs and Chinese Vice President Xi Jinping, U.S. Vice...
Declarations
Mar 5 2012 // Rate Improving “There absolutely is a trend of rate improving…In the U.S., we’ve seen property, workers comp, as well as excess casualty and general liability starting to increase.” —Peter...
China Higher Court Hears Apple’s iPad Trademark Claim
Feb 29 2012 // Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that could result in sales of the wildly popular tablet computer being halted...
World Bank Says China Must Embrace Market Economy
Feb 28 2012 // China’s economy is near a turning point that demands that it relax its grip on industry and move towards free markets, the World Bank said on Monday as it forecast the country would become the world’s largest...
ING to Sell 3 Asia Joint Ventures Separately from Other Assets
Feb 23 2012 // ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is not held up by negotiations with partners, two sources with direct knowledge of...
Reuters: Dubai Finance Centre to Allow Transactions in Chinese Yuan
Feb 23 2012 // The Dubai International Financial Centre (DIFC), the United Arab Emirates’ financial hub, expects to permit transactions in Chinese yuan from this year, industry sources told Reuters on Thursday. The change would...
China’s Trademark System Baffles Foreign Firms
Feb 16 2012 // China’s trademark system is a minefield of murky rules and opportunistic “trademark squatters” that even the world’s biggest companies and their highly-paid lawyers find hard to navigate, as Apple...
China Agrees to Open Up Auto Insurance Market
Feb 14 2012 // U.S. Vice President Joe Biden said on Tuesday that China had agreed to an important financial sector reform by opening up its massive auto insurance market to foreign competition. Biden said that during a meeting with U.S....
Chinese Firm Claims It Owns Apple’s iPad Trademark
Feb 14 2012 // A Chinese tech firm that says it owns the iPad trademark, plans to seek a ban on exports of Apple Inc.’s computer tablets from China, a lawyer for the company said. If successful, the move could deal a blow to the...
China Author Sues for Defamation Over Ghostwriting Claims
Feb 13 2012 // Celebrity author Han Han has filed a defamation lawsuit in Shanghai against a writer who alleges some of Han’s prolific works were penned by others. Han, a novelist and semiprofessional race-car driver popular among...
China Tightens Rules for Auditors of Listed Firms
Feb 6 2012 // China has tightened the qualifying criteria for firms wanting to audit listed companies, to protect investor interests, according to new regulations published on Monday. The new regulations, made jointly by the finance...
Chubb System Helps Expedite Clinical Trials in China and Brazil
Feb 1 2012 // An online system from Chubb Group of Insurance Cos. can now be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and...
China’s Premier Says Government Debt ‘Controllable’; Promises Insurance Reforms
Jan 30 2012 // China’s Premier Wen Jiabao said the nation’s government debt is at an “overall safe and controllable” level, that funding for key projects would be ensured and that applying the brakes to the...
China Plans to Turn Shanghai into Global Money Center
Jan 30 2012 // China laid out more specific plans to turn Shanghai into a global financial center by 2020, listing a series of targets for the next three years to make the city a hub for yuan trading. The plan for Shanghai’s...
U.S. Eyes WTO Services Pacts Amid Doha Stall
Jan 25 2012 // The United States is making a push for a group of countries within the World Trade Organization to start talks to liberalize trade in services, even if big developing countries like China, India and Brazil don’t want...
Carlyle Cuts Stake in China Pacific Insurance Group
Jan 20 2012 // U.S. private equity fund Carlyle Group has sold 18 million shares in China Pacific Insurance (Group) Co. Ltd (CPIC), taking its holding below 5 percent, CPIC said in a statement. Based on Thursday’s closing price,...
