China News

States Hosting International Insurance Regulators

The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory Cooperation. The fall program kicks off in Kansas City, Missouri this …

Floods Continue to Punish Asia, Killing Nearly 140

Asia’s death toll from vicious rains spiked Thursday to nearly 140 as disaster officials reached previously isolated areas in Vietnam, while the worst flooding in parts of southern China in nearly a half-century forced 130,000 villagers to evacuate. Security forces …

China Blames Climate Talks Standoff on Rich Nations

China said on Friday that rich nations must lock in fresh vows to slash greenhouse gas output to unblock talks for a new climate change deal, while some negotiators said Beijing was holding progress hostage. The feuding over the future …

France to Seek G20 Overhaul of Global Monetary System

France will start talks on overhauling the global monetary system during its G20 presidency to improve policy coordination and stem capital flows distorting exchange rates, Economy Minister Christine Lagarde said Thursday. France will take over the chair of the Group …

U.S. Says Climate Talks Fail to Make Headway

The United States said on Wednesday U.N. climate talks were making less progress than hoped because of a rift over poorer nations’ emission goals, and that other avenues might be needed to tackle climate change. Negotiators from 177 governments are …

Aon Benfield’s Monthly Cat Report Highlights Tropical Cyclones, NZ Quake

AIA IPO Seeks up to $14.9 Bn

American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The Hong Kong-based company plans to raise …

AIA Warns Failed Prudential UK Deal Could Impact Business

AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the Asian life …

China Says Climate Talks Must Tackle Rich Nations CO2 Cuts

Greenhouse gas cuts vowed by rich nations remain far from enough to escape dangerous global warming, a top Chinese climate official said on Tuesday, urging talks over a new climate change pact to confront the shortfall. China is the world’s …

Source: Kuwait’s Investment Authority Commits $1 Billion to AIA IPO

American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian unit, the first major investment inked before the mega offering’s roughly $15 billion launch. KIA, the country’s sovereign wealth fund, is …