Latest China Headlines

All the headlines from our China Topic Page, ordered by recency.

Korean Re Gets Chinese Approval to Open Shanghai Branch

Jan 21 2020 // Korean Re has completed the establishment of a branch office in Shanghai as the company received final approval from the authorities of the People’s Republic of China on Dec. 27, 2019.The new office in Shanghai will...

China’s Mysterious Respiratory Virus Spreads to Health Workers, Different Countries

Jan 21 2020 // China’s mysterious respiratory virus has caused six deaths and infected a number of medical workers, a sign the outbreak has entered a new phase with the illness spreading from person to person.Health-care workers...

Chinese Regulator Gears Up for Opening of Financial Sector – and Foreign Competition

Jan 16 2020 // Chinese financial institutions are completely capable of coping with foreign competition as the $40 trillion financial sector is freed up, the central bank said on Thursday, after China and the United States signed a...

China’s Fosun Considers Sale of German Insurer Frankfurter Leben: Sources

Jan 16 2020 // Chinese conglomerate Fosun International Ltd. is exploring options including a potential sale for its German insurance business Frankfurter Leben Holding GmbH, people with knowledge of the matter said.Fosun has held talks...

Finance, Insurance Sector ‘Wins’ in U.S.-China Trade Deal Seem Familiar

Jan 15 2020 // The long-awaited U.S.-China trade deal touted wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works, with Beijing having stepped up the...

What the New U.S.-China Trade Agreement Says on Insurance

Jan 15 2020 // President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by $200 billion. For its...

Insurance Journal’s Top 10 Cyber Risk Stories of 2019

Jan 7 2020 // Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October.Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said...

China Will Begin in Earnest in 2020 to Open Its Great Financial Wall

Dec 30 2019 // China’s big bang opening of its $45 trillion financial industry begins in earnest next year — a step-by-step affair that’s unfolding just as economic strains threaten the promised windfall luring in...

Why the Worst Case for Climate Change Doesn’t Look Realistic: Viewpoint

Dec 27 2019 // In recent years, much of the commentary about climate change has gone from sternly serious to wildly despairing. A new report from the United Nation’s Intergovernmental Panel on Climate Change warns that the effects...

Vietnam-Linked Hackers Steal Intellectual Property from Competitors: Experts

Dec 24 2019 // A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber attacks to spy on competitors and help Vietnam catch up to global competitors, according to cyber-security...

Chinese Hacking Group Resumes Global Attacks on Companies, Agencies

Dec 19 2019 // A Chinese government-linked hacking group that was thought to be dormant has been quietly targeting companies and government agencies for the last two years, harvesting data after stealing passwords and circumventing...

Alibaba Unveils Management Changes Including CEO for Ant Financial

Dec 19 2019 // Alibaba Group Holdings Ltd. and finance affiliate Ant Financial unveiled a series of management changes, including a new chief executive officer for Ant, as they seek to boost expansion overseas and tighten coordination...

Hong Kong Financial Firms Fear Potential Beijing Interference in Contracts

Dec 16 2019 // When China’s top legislature criticized a Hong Kong court’s rejection of a face mask ban there, some global firms began to fear the potential for mainland interference in commercial contracts, lawyers and...

Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms

Dec 16 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss.Disruption of international trade was...

U.S.- China Phase One Trade Pact Promises Improved IP Protections, Insurance Markets Access

Dec 15 2019 // The United States and China have agreed on the terms of a “phase one” trade deal that reduces some U.S. tariffs on Chinese goods while boosting Chinese purchases of American farm, energy and manufactured goods...

Ping An’s OneConnect Raises $312 Million in Expanded U.S. IPO

Dec 12 2019 // China-based cloud fintech platform OneConnect Financial Technology Co. expanded its U.S. initial public offering to raise $312 million, partly reversing cuts to its share-sale plans disclosed one day ago.The company, one...

IPO for Ping An’s OneConnect Cut in Half

Dec 12 2019 // China-based cloud fintech platform OneConnect Financial Technology Co. cut its planned U.S. initial public offering set for Thursday by almost half.The company, one of several Ping An Insurance (Group) Co. businesses...

China Moves to Secure Government Ownership Control of Insurers, Banks

Dec 11 2019 // China’s finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to prevent the loss of...

Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms: WTW

Dec 6 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss.Disruption of international trade was...

Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question.

Dec 3 2019 // By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down.It was worse than it seemed. Some employees who...