Insurance

Ant Financial Deals 1.1 Billion Insurance Plans on Double 11

Ant Financial Deals 1.1 Billion Insurance Plans on Double 11

Insurance firms who partnered with Ant Financial Services Group sold over 30 percent more insurance plans this year than…

Nov 13, 2018
Zhang Yushuo
Ping An Insurance to Invest USD14.4 Billion in Financial, Medical Tech Research

Ping An Insurance to Invest USD14.4 Billion in Financial, Medical Tech Research

Ping An Insurance, a major Chinese integrated financial services provider, plans to increase investment in financial and medical technology research…

Nov 6, 2018
Liao Shumin
Chinese Insurer PICC Shrinks Mainland Listing as Stock Markets Crumble

Chinese Insurer PICC Shrinks Mainland Listing as Stock Markets Crumble

Chinese Insurer PICC Shrinks Mainland Listing as Stock Markets Crumble. People’s Insurance Corp. of China, the country’s biggest property insurer…

Oct 23, 2018
Zhang Yushuo
 ZhongAn Technology Issues First Blockchain Policy Backed Token

ZhongAn Technology Issues First Blockchain Policy Backed Token

ZhongAn Technology Issues First Blockchain Policy Backed Token. ZhongAn Technology, whose indirect shareholders include Alibaba Group Holding and Tencent…

Oct 19, 2018
Du Long
China Ranks Second Globally for Insurance Premiums, KPMG Report Finds

China Ranks Second Globally for Insurance Premiums, KPMG Report Finds

China ranked second globally in terms of insurance premiums last year, driven by the rapid rise of the internet sector, states a joint report from KPMG China and Zhongan Fintech Research Institute.

Oct 17, 2018
Xu Wei
Chinese Brokerage Revives Credit Hedging Contracts to Combat Mounting Defaults

Chinese Brokerage Revives Credit Hedging Contracts to Combat Mounting Defaults

Chinese Brokerage Revives Credit Hedging Contracts to Combat Mounting Defaults. China Bond Insurance has unveiled a pre-allotment of credit risk…

Oct 16, 2018
Duan Siyu
Last of China's Bad Banks to Get Into Insurance Business by Media Firm JV

Last of China's Bad Banks to Get Into Insurance Business by Media Firm JV

China Huarong Asset Management, one of China's four major state-owned bad debt banks, will set up a joint venture with…

Jul 24, 2018
Xu Zuwei & Tang Shihua
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