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.
Dajia Insurance Group has accelerated its development of elderly care communities, adding five new urban medical and nursing communities and 2 new elderly residential and rehabilitation communities in 2022.
Ten major Japanese life insurance companies have said that they plan to increase investments in domestic bonds in the current fiscal year ending 31 March 2024 (FY2023), in anticipation that the Bank of Japan will revise monetary policy this calendar year.