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Financial Institutions

China’s Ping An Insurance Group Becomes World’s Second Largest Insurer by Market Cap

China’s Ping An Insurance Group Becomes World’s Second Largest Insurer by Market Cap

The A-share price and H-share price of Ping An Insurance (Group) Company of China [SHA: 601318] have both doubled since…

Nov 22, 2017
Xu Wei
Three Listed Chinese Firms Contribute to New USD150 Million Tech Insurance Company

Three Listed Chinese Firms Contribute to New USD150 Million Tech Insurance Company

Three listed companies based in Beijing are among a group of firms planning to invest a total CNY1 billion (USD150.9…

Nov 22, 2017
Tang Shihua
Insurance Original Premium Income Climbs 21% in the First Nine Months, CIRC Reports

Insurance Original Premium Income Climbs 21% in the First Nine Months, CIRC Reports

China’s insurance industry registered original premium income of USD450 billion (CNY3 trillion) in the first nine months, increasing by 21…

Nov 21, 2017
Liao Shumin
Lenovo Beats Dell to Second Place in Indian PC Market in Q3, HP Remains Top, IDC Says

Lenovo Beats Dell to Second Place in Indian PC Market in Q3, HP Remains Top, IDC Says

Chinese PC brand Lenovo Group Ltd. [HK:3396] has overtaken US computer giant Dell Technology. Inc. [NYSE:DVMT] to become the second-largest…

Nov 21, 2017
Zhang Xia
Faruqi & Faruqi Investigates Chinese Fintech Firm Qudian

Faruqi & Faruqi Investigates Chinese Fintech Firm Qudian

Chinese fintech company Qudian Inc. [NYSE:QD] was the subject of an investigation initiated by Faruqi & Faruqi LLP, a leading…

Nov 21, 2017
Dou Shicong
CSRC to Set Up New Inspection Committee for IPOS, Refinancing and M&As

CSRC to Set Up New Inspection Committee for IPOS, Refinancing and M&As

The Party Committee at China Securities Regulatory Commission (CSRC) has decided to set up the Inspection Committee on Issuance, Mergers…

Nov 21, 2017
Liao Shumin
China's Insurance Funds Used in First Three Quarters Hit USD2.22 Trillion

China's Insurance Funds Used in First Three Quarters Hit USD2.22 Trillion

China's insurance funds used in the first nine months of this year amounted to CNY14.6 trillion (USD2.2 trillion), up nearly…

Nov 21, 2017
Xu Wei
China’s Insurance Watchdog Reprimands Three Firms for Selling Non-Compliant Products

China’s Insurance Watchdog Reprimands Three Firms for Selling Non-Compliant Products

The China Insurance Regulatory Commission (CIRC) has punished Great Wall Life Insurance Co., BoComm Life Insurance Co. and ABC Life…

Nov 21, 2017
Xu Wei
China’s New Financial Administration Is a Coordinator, Not a Regulator, Ex-Central Bank Executive Says

China’s New Financial Administration Is a Coordinator, Not a Regulator, Ex-Central Bank Executive Says

The main function of the newly established Financial Stability and Development Committee under China’s cabinet is coordination, not regulation, Zhu…

Nov 17, 2017
Tang Shihua
All Payment Business to be Subjected to Approval and Supervision, PBOC Deputy Governor Says

All Payment Business to be Subjected to Approval and Supervision, PBOC Deputy Governor Says

All Payment operations, whether state-owned, privately-owned or foreign-funded will be subject to approval and supervision mechanisms, said Fan Yifei, deputy…

Nov 16, 2017
Tang Shihua
Health Insurance Premiums Fall 82% in First Nine Months, Forcing Insurers to Seek Alternative Products

Health Insurance Premiums Fall 82% in First Nine Months, Forcing Insurers to Seek Alternative Products

In the first three quarters of this year, the direct premium income of health insurance business grew only 4.45 percent…

Nov 16, 2017
Liao Shumin
Canadian Asset Management Firm Manulife Investment Starts Operations in Shanghai

Canadian Asset Management Firm Manulife Investment Starts Operations in Shanghai

The Canadian asset management firm Manulife Financial Corporation's [HKG:0954] (MFC) wholly-owned company in Shanghai officially started operations. The company was…

Nov 16, 2017
Chen Juan

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