Country: China Page 68 / 81
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- May 4 2016
AIG raises US$2.6bn from PICC P&C share sale
AIG has raised about US$2.6 billion since last year as it has divested its stake in the Chinese insurer.
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- April 28 2016
Ping An expected to join US$3bn ING Life Korea bid
Korea’s fifth-largest insurance firm is expected to fetch more than US$3bn in a highly contested bidding process.
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- April 26 2016
Alibaba sets up online health cover JV
The company, founded by Jack Ma, has teamed up with six other investors to establish a partnership with China Taiping.
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- April 25 2016
China Insurance Investment raises US$4.63 billion
The newly established fund will invest in various infrastructure projects in Shanghai.
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- April 22 2016
China Life warns of big net profit decline for Q1
Asia-Pacific's biggest insurer says the drop could be as much as 60% due to a plunge in investment income.
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- April 21 2016
China’s property players eye insurance sector
High land costs and a growing need for cash-yielding assets is driving developers to bid on insurance operations.
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- April 19 2016
China to name systemically important insurers
The Chinese regulator is set to release a list of insurers that may be considered too big to fail.
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- April 19 2016
Fitch warns of Chinese insurers’ rising risks
The country's insurers could face rising risks in a number of areas as they increasingly invest overseas.
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- April 15 2016
Shanghai is home to 55 insurance headquarters
The city plans to build the industry further towards its goal of becoming an international centre for the sector by 2020.
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- April 15 2016
China’s Sunshine Life launches US$1.5bn bond offer
The sale ends the recent drought among Chinese companies tapping the offshore bond market.
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- April 15 2016
Future Land bids US$1bn for Dah Sing Life
The bid is part of a plan to sell Hong Kong insurance products to homebuyers in China.
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- April 11 2016
One Belt One Road spurs marine insurance demand
Zurich has predicted a rise in demand after the initiative raises the number of overseas projects.
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- April 11 2016
China mulls national network for health settlement
The reform will allow Chinese citizens to reimburse their medical expenses around the country, according to a report.
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- April 11 2016
China imposes 6% VAT on insurance services
Sales tax will apply from May 1 this year, according to a circular jointly issued by the finance ministry and tax office.
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- April 8 2016
China’s first insurance exchange to launch in June
The exchange is part of Shanghai's goal of becoming an international insurance centre by 2020.
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- April 7 2016
Zhong An posts US$30m net profit in 2015
China's first and only internet insurance licence holder saw premiums grow 200% to US$339m last year.
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- April 6 2016
Anbang raises shareholdings in Chinese banks
It is now a top-10 shareholder in ICBC, Bank of China, AgBank and CCB after buying stakes at the end of last year.
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- April 5 2016
Chinese investors’ interest in Australian insurers grows
M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.
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- April 1 2016
Chinese insurers to reduce exposure to equities
Fragile markets have prompted Chinese insurers to express caution in capital market investments this year.
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- March 31 2016
China Pacific eyes controlling stake in Anxin Agricultural
CIRC approves 51% stake in the Shanghai-based provider of traditional agricultural and cultivation products.
