Latest China Headlines

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

China’s Ant Financial to Offer Mobile Finance Services in Indonesia

Apr 12 2017 // Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia.The Emtek tie-up...

Starbucks in China Provides Health Cover for Workers’ Parents

Apr 11 2017 // Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used by more than 10,000 people to treat conditions such as...

China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion

Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...

Chairman of China’s Insurance Regulator Investigated for ‘Severe’ Violations

Apr 10 2017 // China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown.Xiang, chairman of the China Insurance...

What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix

Mar 30 2017 // Can you imagine an even hotter, drier Phoenix?Certainly not if you’ve been to the sun-drenched Arizona capital in the summer. Such an inconceivable scenario is being proposed by the LA Times.“Today, Phoenix is...

Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’

Mar 30 2017 // The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the...

Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts

Mar 29 2017 // China’s Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn...

CEO & Co-Founder of China’s Fosun Resigns for Health Reasons

Mar 29 2017 // Fosun International Ltd , one of China’s most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group’s...

UK’s Aviva Eyes Sale of Friends Provident Int’l Unit for $500M-$700M: Source

Mar 28 2017 // Aviva Plc is exploring a sale of its Friends Provident International unit, which offers life assurance and investment products, in a deal that could raise between $500 million and $700 million, a source with direct...

As China Liberalizes Financial Sector, It Seeks ‘Better Treatment’ Abroad

Mar 27 2017 // People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors.Areas of...

China’s Ping An to Invest $100M a Year in Japan in Diversification Bid

Mar 27 2017 // Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China.China’s second-largest insurer will put money with private equity...

Half of Global Insurance Premium Growth Tied to China: Allianz Research

Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance).In a year-on-year comparison, the...

China’s Anbang Insurance Bullish on Investing in Europe

Mar 20 2017 // The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic...

Reinsurers Seek Higher Returns Through Customized Business

Mar 20 2017 // Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or...

Senators Want U.S. to Weigh Food Safety in Acquisitions by Foreign Firms

Mar 16 2017 // Two U.S. senators from Midwestern states will introduce a bill on Tuesday that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food...

RMS Launches Agricultural Risk Models for India and China

Mar 15 2017 // RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, and plans to expand coverage across Asia-Pacific and the...

China’s Anbang Insurance Group Denies Report of Kushner Property Investment

Mar 15 2017 // China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser.Anbang Insurance...

China Set to Enact New Code on Civil Responsibilities, Rights

Mar 10 2017 // China’s Communist leaders will this week introduce sweeping new laws that codify social responsibilities for the country’s 1.4 billion citizens while also providing some modest new protections.The preamble of...

China’s Fintech Investments in 2017 May Exceed 2016’s Record $10B: Accenture

Mar 7 2017 // Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc.The...

China’s Zhong An to Sell 5-10% Stake to Raise Funds Before Planned IPO

Mar 7 2017 // Zhong An Online Property & Casualty Insurance plans to sell 5-10 percent of the company to a couple of strategic investors, to raise up to 10 billion yuan ($1.45 billion), ahead of a planned initial public offering in...