All the headlines from our China Topic Page, ordered by recency.
May 11 2018 // Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as...
May 9 2018 // Anbang Insurance Group Co., the once-acquisitive Chinese insurer that’s operating under government control, said it is in the process of reviewing all of its overseas assets amid reports of imminent...
May 8 2018 // China’s $42 trillion financial sector is set to open up to the world like never before.To deliver on longstanding pledges and help stave off the threat of tariffs from U.S. President Donald Trump, Chinese officials...
May 8 2018 // There’s no other company on Earth quite like Ant Financial.Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico,...
May 4 2018 // AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in the first quarter, as growth in China offset slowing Hong Kong sales.The measure of estimated...
Apr 30 2018 // China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push...
Apr 27 2018 // China’s central bank and financial regulators have issued guidelines to strengthen supervision on non-financial companies investing in financial institutions.China will strictly restrict irrational and blind...
Apr 25 2018 // A traffic accident in southern North Korea has killed 32 Chinese tourists and four North Koreans, Chinese officials said Monday.Another two Chinese tourists were badly injured and were in ‘acutely serious...
Apr 18 2018 // Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly...
Apr 12 2018 // Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said.The once-acquisitive...
Apr 11 2018 // China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan...
Apr 11 2018 // China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from the United States and others that it...
Apr 10 2018 // Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with...
Apr 6 2018 // Russia’s banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of the...
Apr 4 2018 // China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company’s former chairman was accused of masterminding a multi-billion dollar...
Apr 3 2018 // FWD Group announced the appointment of Ken Lau as managing director, Greater China, and chief executive officer, Hong Kong & Macau, effective March 29, 2018.With more than 27 years’ insurance industry experience...
Apr 2 2018 // Chinese courier company SF Holding Co. says it’s won a license to operate drones, opening up a new potential frontier for package delivery in the world’s second-largest economy.SF, the nation’s largest...
Apr 2 2018 // China’s new banking and insurance regulator said on Thursday [March 29] it will deepen the reform and opening up of the banking and insurance systems and will crack down on financial risk.In a statement, the...
Apr 2 2018 // Chinese prosecutors said Wu Xiaohui, the former chairman of Anbang Insurance Group Co., doesn’t deserve leniency as the one-day hearing of a fundraising fraud and embezzlement case against him wrapped up.Wu...
Mar 29 2018 // The former chairman of China’s Anbang Insurance Group Co Ltd requested leniency at the end of his high-profile trial in Shanghai for alleged economic crimes, including fraud and embezzlement involving more than $10...