China welcomes well-performing foreign institutions to do business in China and the risks in the financial sector are controllable overall, reported Reuters quoting the head of its financial regulatory administration told the Lujiazui Forum in Shanghai yesterday.
The insurance sector, which attracts vast savings, could invest up to MAD30bn ($2.95bn) in private equity, according to the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR). Currently, private equity accounts for only 8% or MAD18bn of the total assets under management in the insurance sector that exceed MAD220bn.
PICC Life Insurance has signed an agreement to set up a CNY100m ($14.1m) insurance trust with Beijing-based China Credit Trust Co, one of the biggest trust companies in China.
Oman Reinsurance's financial performance and earnings are good, says Fitch Ratings.
Dalian Wanda Group is mulling the sale of as many as 20 shopping malls in wealthy areas of China, reported Bloomberg quoting people familiar with the matter, as the indebted conglomerate tries to avert a liquidity crunch.
Only 4% of 'sustainable' investment funds would automatically comply with the labelling and naming rules for disclosures set by major regulatory regimes according to technology platform Clarity AI.
Two-thirds (67%) of China's 1.4bn people believe they will be healthy enough to live to at least 80 years old, according to a survey commissioned by Prudential plc.
Taiping Life Insurance has paid CNY3bn ($431.5m) to acquire 6.33% of China Zheshang Bank.
31 insurance asset management companies in China have published their 2022 annual financial reports, showing that their combined operating revenue totalled CNY32.72bn ($4.72bn), representing a year-on-year drop of 10.39%.
HSBC Holdings shareholders have voted to reject a proposal, backed by Ping An Insurance Group, to spin off the bank's Asian operations during the annual shareholders' meeting in Birmingham on 5 May.