All the headlines from our China Topic Page, ordered by recency.
Dec 1 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said it will raise HK$36.8 billion ($4.75 billion) in Hong Kong’s biggest share sale in almost two years to replenish equity and working...
Nov 21 2014 // China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially...
Nov 18 2014 // Hong Kong’s appeal to the financial community has withstood pro-democracy protests that threatened to become the city’s biggest political crisis in decades, according to a Bloomberg Global Poll.Eighty-seven...
Nov 12 2014 // The Beijing-based company aims to start the share sale as early as next year and prefers Hong Kong as a listing destination, the people said. The plans are still at an early stage and could change, according to the people,...
Nov 9 2014 // For years, high-profile guests at New York City’s landmark Waldorf Astoria hotel could be assured their private conversations wouldn’t be overheard by anyone — except, perhaps, by U.S. spies.That may be...
Nov 7 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, won regulatory approval for a private placement that may amount to as much as $5 billion, Hong Kong’s biggest share sale in almost two years.The...
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer.Robert...
Nov 5 2014 // China is moving to raise its global competitiveness by loosening restrictions on foreign investment in more manufacturing and services sectors, the country’s top regulator said.In a draft foreign investment catalog...
Nov 5 2014 // PICC Property & Casualty Co., China’s biggest non-life insurer, said it plans to raise 7.25 billion yuan ($1.2 billion) in a rights offer in Hong Kong and China to replenish capital. The shares dropped.The...
Oct 29 2014 // FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG, will recall 270,635 Audi cars in China due to an air bag software issue, China’s quality watchdog said.A spokeswoman at Audi China said the...
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk.Insurers held 281 billion yuan ($46 billion) of trust...
Oct 28 2014 // Net income climbed to 10.3 billion yuan ($1.68 billion), or 1.23 yuan a share, from 5.43 billion yuan, or 0.69 yuan a share, a year earlier, the company said in a statement to the Shanghai stock exchange.The benchmark...
Oct 23 2014 // LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China....
Oct 22 2014 // Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular...
Oct 20 2014 // Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion.Hilton will continue to manage the storied hotel for the next 100 years as part of an...
Oct 17 2014 // AIA Group Ltd., the second-largest insurer by market value based in Asia, posted a higher-than- expected value of new business growth of 23 percent in the third quarter, aided by expansion in its largest markets.The...
Oct 15 2014 // Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company.U.S. officials said Monday they...
Oct 10 2014 // China’s Fosun raised its offer for Portugal’s Espirito Santo Saude (ESS) to 5.01 euros a share from 4.82 on Thursday, above U.S. firm UnitedHealth’s offer of 5 euros made directly to the bankrupt Espirito...
Oct 9 2014 // A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Taiping Reinsurance Company Limited (TPRe) (Hong Kong). The...
Oct 8 2014 // A federal judge in Louisiana has ruled that nearly 4,000 homeowners who say Chinese drywall ruined their homes are eligible to share any further damages he may award in lawsuits against Taishan Gypsum Co. Ltd., a...