China News
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
U.S. Cyber Agency: Reducing Chinese Tech Risks Is a Top Priority
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency's top operational priority is reducing the risks ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...
Liberty Mutual’s Sweeney Undaunted by Emerging Market Challenges
A Liberty Mutual executive said the insurer is following closely the emerging economic and trade turmoil in Europe, Asia and other emerging markets, but that the impact of those issues is relatively ...
China Opens Door to More Foreign Investment in Financial Sector
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors ...
Asia Expansion Helped Push Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re
Carriers' expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from ...
China Pledges to Remove Financial Company Foreign Ownership Limits by 2020
China said it will bring forward plans to remove foreign ownership limits on financial companies, as it speeds up efforts to open the $44 trillion industry to overseas competitors. Full foreign ...
China Establishes New Insurance Group to Take Over Anbang’s Main Operations
China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that's under state control. Beijing-based Dajia ...