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China tag returned 1961 results

  • First insurance to cover extreme risks for Chinese tourists debuts

    As the number of Chinese tourists travelling overseas continues to grow, there has also been an increase in travel-related risks facing these tourists such as accidental injuries, trip disruptions, robberies and even kidnappings. This has led to a rising demand for regular safety insurance for accident and medical coverage as well as protection in the case of risky situations.

    Asia | 24 Jun 2019
  • China: US$440bn needed over next 3 years to improve rural environment

    China will need to spend CNY3trn ($440bn) over three years to improve village sanitation and clean up its heavily polluted rural environment, reported Reuters citing a report in the official People's Daily.

    Asia | 24 Jun 2019
  • Govt plans for insurance & other financial products in private pension market

    Commercial pension insurance plans, bank wealth management products, mutual and other funds and other financial products that meet requirements could qualify as investment vehicles in the private or third pillar of China's pension system, according to the Ministry of Human Resources and Social Security (MOHRSS).

    China | 21 Jun 2019
  • Mainlanders raise furore over losses from financial product sold via HK-based insurer

    Scores of AXA Hong Kong customers are demanding compensation of millions of dollars from the insurer following the collapse of a high-risk investment fund sold on its platform. The unhappiness had simmered since the middle of last year but boiled over at the end of last month.

    China | 21 Jun 2019
  • World Bank: Managing the risks of the Belt and Road

    China's Belt and Road Initiative (BRI) could speed up economic development and reduce poverty for dozens of developing countries-but it must be accompanied by deep policy reforms that increase transparency, improve debt sustainability, and mitigate environmental, social, and corruption risks, a new World Bank Group study on the BRI transportation corridors has found.

    China | 21 Jun 2019
  • What foreign players wish to see in opening up of financial sector

    As China's financial regulators reiterate pledges to open up the financial sector to more foreign investments, global bankers and economists are urging faster permits and unambiguous guidelines, reported Bloomberg.

    China | 21 Jun 2019
  • A Top 10 general insurer eyes capital increase

    Sunshine Property Insurance, which is among China's top 10 non-life insurers, has received shareholders' agreement to increase its capital by CNY658m (96m) from CNY5.088bn to CNY5.746bn.

    China | 21 Jun 2019
  • Beijing signs its first IDI plan for residential property

    The first inherent defect insurance (IDI) policy for residential property has been issued in Beijing. The launch of this class of business has opened a new blue ocean for insurance companies.

    China | 21 Jun 2019
  • New rules for intermediaries raise bar for newcomers

    The CBIRC's proposed new regulations for insurance intermediaries actually raise the bar for those looking for entry into the intermediated sector, says international law firm Clyde & Co in a commentary.

    China | 21 Jun 2019
  • Shin Kong-HNA Life starts afresh as Dingcheng Life

    Shin Kong-HNA Life has received a new lease on life with a name change as it starts its second decade of operations. The Beijing headquartered insurer was renamed Dingcheng Life Insurance on 10 June.

    China | 21 Jun 2019

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