Thursday, April 26, 2018

China

China’s business insurance to boost sharing economy

China’s business insurance to boost sharing economy

More than 80% of consumers would be more comfortable using sharing-economy services if insurance were offered.

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Chinese regulator steps up fight against financial risk

Chinese regulator steps up fight against financial risk

All potential violations are being aggressively targeted, according to the new banking and insurance regulator.

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Fosun and Gonbao reopen bids for Greece’s national insurer

Fosun and Gonbao reopen bids for Greece’s national insurer

The deal to buy a major stake in Ethniki Hellenic General Insurance is reportedly valued at US$900m.

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APAC bancassurers tap blockchain to improve offerings

APAC bancassurers tap blockchain to improve offerings

Banks in the region continue to leverage the technology to improve and expand their insurance offerings.

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JD.com to buy one-third of Allianz China General Insurance

JD.com to buy one-third of Allianz China General Insurance

The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.

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Anbang seeks advice on potential divestments

Anbang seeks advice on potential divestments

The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.

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China promises market opening

China promises market opening

Officials have promised a range of measures, including further liberalisation of its insurance sector.

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China to relax foreign ownership in life sector from June

China to relax foreign ownership in life sector from June

Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.

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Prudential to increase investment in China

Prudential to increase investment in China

The company is aiming to boost its product coverage and sales distribution in the country.

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PICC eyes Shanghai listing

PICC eyes Shanghai listing

The parent of China’s biggest non-life insurer is planning a secondary listing to raise over Rmb10bn in fresh capital.

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China to speed up insurance industry opening

China to speed up insurance industry opening

President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.

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Anbang’s rehab

Anbang’s rehab

The Chinese government has injected US$9.65bn into the troubled company, while its former chairman admits charges.

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US broker Alliant targets Asia expansion

US broker Alliant targets Asia expansion

The move is a consequence of its acquisition of Dumortier Risk Management, which has ties to Taiwan and China.

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China injects US$9.7bn into Anbang

China injects US$9.7bn into Anbang

The capital injection is aimed at ensuring the solvency and stability of the group.

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China’s premium income falls 18.5%

China’s premium income falls 18.5%

The year-on-year decline happened in the January-February period.

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China’s new regulator appoints seven vice-chairmen

China’s new regulator appoints seven vice-chairmen

The Chinese government has added staff to the newly merged banking and insurance watchdog.

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Former Anbang chairman no longer contests charges

Former Anbang chairman no longer contests charges

Wu Xiaohui appeared to change his stance and requested leniency in his closing statement.

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Anbang’s Wu Xiaohui goes on trial in China

Anbang’s Wu Xiaohui goes on trial in China

The proceedings come a year after he was detained on accusations of fraudulently raising Rmb65bn.

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