Emerging Markets
Ping An Sees Market Value Plunge Due to Investor Worry About China Uncertainties
China's Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, ...
To Some InsurTech Insiders, Chubb CEO Greenberg’s ‘Hype’ Label Misses Their Larger Purpose
Chubb CEO Evan Greenberg's recent comments poo-pooing InsurTechs' boasts of their powers of disruption and transformation drew polite and measured response from startup investors, advocates and ...
China Triggers Another Anti-Graft Effort for Finance Sector
China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The ...
China Cracks Down on Cryptocurrencies, Banning All of Them
China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring ...
CEO Confidence, Now at Pre-Pandemic Levels, Focuses on M&A and More: KPMG Survey
Global CEO confidence is back at pre-pandemic levels, and optimistic executives are looking at M&A, strategic alliances and sustainability measures to help transform their business, according to ...
Hong Kong Digital Insurer OneDegree Raises $28M to Support Asia Expansion
OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co. and AEF Greater Bay Area Fund ...
China Regulator Reportedly Probing Ping An Insurance’s Property Investments
China's banking and insurance sector regulator is probing Ping An Insurance Group Co of China Ltd's investments in the property market, two people with knowledge of the matter said, after the firm ...
Ping An’s Profit Drops by Double Digits Due to China Fortune Loss
Ping An Insurance Group Co of China , China's largest insurer by market value, reported a 15.5% fall in first-half net profit after a 20.8 billion yuan ($3.2 billion) loss suffered on investments in ...