Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase September 18, 2023 By Bloomberg News Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the...
Ex-Chairman of Top China Insurer Given Suspended Death Sentence September 13, 2023 By Bloomberg News China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi...
China Relaxes Rules for Insurers to Invest in Stock Markets September 12, 2023 China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech...
China’s Regulator Meets With Foreign Investors to Alleviate Concerns: Sources August 25, 2023 By Selena Li China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic...
China Fines US Firm Mintz $1.5M for ‘Unapproved’ Work, After Raiding its Beijing Office August 23, 2023 By Yew Lun Tian China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work,” said a Beijing Municipal Bureau of...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...
China Expected to Cut Fine on Ant Group to About $700M: Sources April 18, 2023 By Julie Zhu and Jane Xu Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned...
Inszone Acquires Houston’s Champions Insurance Group April 17, 2023 Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Champions Insurance Group,...
China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group March 24, 2023 By Michael Martina and Yew Lun Tian Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff,...