Country: China Page 70 / 81
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- March 2 2016
China to announce plan for financial super-regulator
The proposal would see the country's banking, securities, and insurance regulators merged into one entity.
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- February 29 2016
Chinese firms raise allocations to alternative assets
CIRC releases statistics that shows mainland insurers significantly raising their exposures in 2015.
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- February 26 2016
Property is king for China’s acquisitive insurers
China’s domestic insurers are increasingly buying up stakes in the country’s listed property developers.
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- February 26 2016
China’s reinsurance market to hit US$198bn by 2020
The market is expected to grow at a yearly rate of 40% from 2014 to 2018, according to a report by Zion Research.
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- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
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- February 25 2016
Anbang joins bid to buy Hyundai Securities
The Chinese insurer is up against Fosun Group and Korean firms KB Financial and Korea Investment & Securities.
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- February 24 2016
China Life, Ping An post double-digit premium growth
The positive results announcements helped their stocks to stage rebounds in Hong Kong and Shanghai this week.
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- February 23 2016
Chinese bought US$2.7bn of insurance in HK in 2015
The number of mainland residents buying insurance products and services in Hong Kong continues to grow.
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- February 22 2016
Zhong An aiming to raise US$2bn in local IPO
The insurance company backed by Alibaba's financial services affiliate is expected to list in Shanghai.
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- February 18 2016
Fosun cancels US$462m acquisition of Israeli insurer
The Chinese company says that conditions in global markets forced it to terminate the acquisition.
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- February 17 2016
China approves new online insurance venture
CIRC has approved Shenzhen Infogem Technologies' registration to operate an online insurance firm.
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- February 16 2016
CRRC buys US$676m stake in China United
State-owned China Railway Rolling Stock Corporation has bought a 13.06% stake in the Shenzhen-based insurer.
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- February 12 2016
China’s inevitable devaluation will pour more pain on industry
Flood of money leaving China is bad news for international insurers that have focused on Asia as a source of growth.
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- February 11 2016
China becomes third-largest market in the world
The market was valued at US$1.83 trillion last year, more than double the value five years ago.
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- February 8 2016
Group says insured losses in Tianjin blast likely to near US$6bn
International Union of Marine Insurers (IUMI) sees losses as largest in marine history.
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- February 5 2016
China takes aim at Hong Kong offshoring practice
The government is concerned that purchases of insurance in Hong Kong are being used to move money offshore.
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- February 4 2016
China caps Hong Kong insurance purchases
Foreign exchange regulator is stepping up administrative measures to slow capital outflows.
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- February 4 2016
China’s iKang acquires 45% stake in NCI Health
Under the deal, NCI and iKang will serve customers across 100 medical centres in China.
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- February 3 2016
China sets new capital requirements for firms
C-ROSS has now been officially implemented to ensure rational growth of the country's insurance industry.
