Chubb agrees to buy huge stake in Huatai
Trivium
In March, the CBIRC approved Chubb to buy shares in Huatai up to 26.2%, surpassing Junzheng Energy & Chemical Group to become …
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Insurance (General)
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CBIRC issues new rules on insurance asset management products
In line with similar regulatory efforts in recent months, these measures seek to make better use of the capital base within the insurance industry in order to boost …
AIA brings on former top Ping An exec as CEO
Lee’s onboarding is likely a precursor to accelerating AIA’s expansion in China. Additionally, Lee may be able to draw on Ping An’s fintech experience to …
Aviva to retain China and Singapore operations
Financial media had previously reported that MS&AD and Manulife were both considering a bid for Aviva’s Singapore business, but neither company was able to …
OneConnect files for IPO via New York listing
More broadly, OneConnect’s IPO may serve as an important bellwether for the future development of – and investor appetite toward – the Chinese fintech industry. It bears …
Foreign financial institutions continue to obtain new licenses and approvals
Of the above approvals, Allianz, in particular, is the latest in a spate of “firsts” in which foreign financial companies have received regulatory approval to …
AXA China has no plans to establish wholly-owned life insurance entity
Veyry also said the company has no plans to increase AXA’s stake in its joint venture with …
CBIRC looks to strengthen consumer protection
Regulators recently increased emphasis on enhancing protection for consumer rights and interests across the financial industry is indicative of their attempts to create …
Hong Kong-mainland wealth management connect in the works
The recent emphasis on cross-border financial products within the GBA provides some insight into the thought process of top planners. Financial connectivity looks to be one of the key areas where officials are trying to …
China Pacific to take stake in Swiss Re
Some industry analysts have pointed out that China Pacific’s interest in Swiss Re may have to do with the former’s recent decision to issue GDRs via the Shanghai-London Stock Connect. There is speculation that the support of an established European investor like …