China News
Swiss Re to Grab Chinese Insurer From RSA For $120M
Swiss Re disclosed it is snatching up a Chinese company from RSA Insurance Group for about $120 million as part of a plan to grow its corporate insurance arm. The Zurich reinsurance giant said its ...
Few Will Buy Insurance Against A Chinese Financial Meltdown
Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, ...
China Requiring New Disclosures by Systemically Important Banks
China's bank regulator will require the country's largest lenders to disclose their off-balance-sheet exposures and other indicators in a move to implement global rules designed to strengthen ...
JPMorgan Hit by U.S. Bribery Probe into Chinese Hiring
U.S. authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times. ...
Four Distribution Steps For Successful Global Growth
Growth opportunities for insurers in developed markets are running out of runway and require increased efforts. Even though there is slow growth in some areas, regions such as China, India and Brazil ...
eBay CEO Confident Of Getting China Payments License
eBay Inc.'s PayPal division will become the first foreign company to secure a payments license in China, CEO John Donahoe predicted, but he cautioned that the e-commerce giant is taking a cautious ...
U.S. Audit Regulator Reaches Deal With China On Document Access
U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the ...
WHO Says New Bird Flu Strain Is ‘One of Most Lethal’ Viruses
A new strain of bird flu that has killed 22 people in China is "one of the most lethal" of its kind and is more easily transmissible to humans than an earlier strain that has killed hundreds around ...