Insurance

China Oceanwide Gets US National Security Go-Ahead to Buy Insurer Genworth

China Oceanwide Gets US National Security Go-Ahead to Buy Insurer Genworth

China Oceanwide Got Green Light to Buy US Insurer Genworth. A US national security panel has approved investment firm China Oceanwide Holdings…

Jun 11, 2018
Liao Shumin
Emerging Services Boost China's Service Exports to Grow Faster Than Imports

Emerging Services Boost China's Service Exports to Grow Faster Than Imports

The worth of China's service exports have grown more than that of the imports in the first four months this…

Jun 6, 2018
Xu Wei
Former PICC President Sentenced to 11 Years in Prison

Former PICC President Sentenced to 11 Years in Prison

Wang Yincheng, former president of the People's Insurance Company (Group) of China Limited (PICC), was sentenced to 11 years in…

May 24, 2018
Xinhua
Shanghai Pushes Reforms to Open Financial Sector

Shanghai Pushes Reforms to Open Financial Sector

Shanghai has announced plans for six pilot reforms in a bid to further develop the city into an international financial center.

May 14, 2018
Liao Shumin
JD.Com Pumps USD85.5 Million Into Allianz China in Hopes of Securing Insurance License

JD.Com Pumps USD85.5 Million Into Allianz China in Hopes of Securing Insurance License

JD.Com Inc. has injected CNY537 million (USD85.5 million) into the local unit of German insurer Allianz SE as the Chinese e-commerce giant looks to obtain a domestic insurance license.

Apr 17, 2018
Dou Shicong
Big Five Insurer PICC Aims to Raise USD1.6 Billion Via Shanghai IPO

Big Five Insurer PICC Aims to Raise USD1.6 Billion Via Shanghai IPO

The People's Insurance Company of China Ltd., one of the country’s big five insurers, aims to replenish capital by raising…

Apr 10, 2018
Liao Shumin
China’s Insurance Regulator Adjusts Pricing Scope for Commercial Car Insurance in Various Regions

China’s Insurance Regulator Adjusts Pricing Scope for Commercial Car Insurance in Various Regions

China Insurance Regulatory Commission has adjusted pricing scope for commercial car insurance across the country, which means consumers in selected areas can enjoy greater discounts.

Mar 14, 2018
Liao Shumin
Rongfeng, Partner Are in Talks to Buy Majority Stake in Greece’s Largest Insurer

Rongfeng, Partner Are in Talks to Buy Majority Stake in Greece’s Largest Insurer

Chinese property developer Rongfeng Holding Group Co. and a partner are seeking to acquire at least a 75 percent stake in Greece’s biggest and oldest insurance company amid doubts over a rival deal.

Feb 12, 2018
Tang Shihua
China’s First Professional Science and Technology Insurance Firm Starts Operations to Support Innovation

China’s First Professional Science and Technology Insurance Firm Starts Operations to Support Innovation

The science and technology insurance company subordinate to China Pacific Insurance (Group) started operations yesterday, which marks China’s first enterprise…

Jan 10, 2018
Dou Shicong
Cathay Lujiazui Life Gets Capital Injection From Main Shareholders Following Rapid Business Expansion

Cathay Lujiazui Life Gets Capital Injection From Main Shareholders Following Rapid Business Expansion

Cathay Lujiazui Life Insurance Co., the first Chinese mainland-Taiwan joint venture life insurance firm, achieved rapid business growth following the…

Dec 7, 2017
Yang Qianwen
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
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