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Cover Story: China’s Challenge to Fill the Multibillion-Dollar Insurance Blackhole

The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies

Mar 15, 2024 04:53 PM
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CX Daily Mar. 19: China’s Challenge To Fill The Multibillion-Dollar Insurance Blackhole

China issues stringent rules to tighten listing controls and tackle financial fraud. Huawei’s smart car boss predicts the unit will turn a profit this year. Plus, a former president of a top Beijing hospital is taken away by corruption investigators.

Mar 19, 2024 11:31 AM

Evergrande’s Hui Banned From China Markets for Inflating Results

China Evergrande founder fined $6.5 million and banned for life from trading for fraudulent behavior

Mar 19, 2024 03:44 AM

EU Considers Joining U.S. in Reviewing Risks From Chinese Legacy Chips

EU and U.S. fear Chinese investment will allow its companies to dominate supply of legacy chips

Mar 19, 2024 03:38 AM

Hong Kong Has Twice as Many Single-Family Offices as Singapore, Survey Reveals

Hong Kong’s more flexible tax policies make it a formidable competitor in private wealth management, says Deloitte

Mar 19, 2024 03:17 AM

Editorial: Curbing Cyber Violence: Enhancing the Online Business Environment

Online violence severely undermines the rights and interests of citizens and companies, and must be resolutely governed in accordance with the law

Mar 18, 2024 08:22 PM

WeChat Pay Operator Approved to Raise Registered Capital to 15.3 Billion Yuan

With the increase, Tenpay’s registered capital will be more than 15 times higher than the current 1 billion yuan

Mar 18, 2024 08:15 PM

Gallery: Forest Fire Rages in Southwest China

A forest fire broke out around 5 p.m. on Friday in Sichuan province. Over the weekend, the fire spread to a nearby village of Baizi in the Garze Tibetan autonomous prefecture. Strong winds fanned the flames, complicating the work of firefighters in the area

Mar 18, 2024 08:08 PM

China Growth Mixed as Factory Output Jumps, Consumption Lags

Industrial output rose 7% in January-February from the same period a year earlier, much faster than economist estimates, while retail sales increased 5.5%, roughly in line with projections

Mar 18, 2024 07:47 PM

GAC Partners With Air Taxi Developer to Build Flying Car Factory

Chinese state-owned automaker secures deal with EHang to jointly produce electric vertical takeoff and landing aircraft at the facility in southern metropolis Guangzhou

Mar 18, 2024 06:35 PM

Opinion: Defusing Local Government Debt Is Key to China’s Proactive Fiscal Policy

A coordinated mechanism to manage debt risk while supporting stable economic growth needs to be established

Mar 18, 2024 06:33 PM

China Starts $3.9 Billion Power Transmission and Storage Project

A more than 1,000-kilometer ultra-high-voltage power line will connect to a pumped hydro station that uses reservoirs at different heights on mountains to store energy through gravity and water

Mar 18, 2024 03:15 PM

Shanghai Composite Index Rose 0.99% on Monday

Shenzhen Component Index closed up 1.46%

Mar 18, 2024 03:03 PM

Ex-Beijing Hospital President Taken Away by Corruption Investigators

Tian Wei, a renowned orthopedic physician and robotics pioneer, is also a member of the prestigious Chinese Academy of Engineering

Mar 18, 2024 02:28 PM

Daily Tech Roundup: CATL Fends of Rivals as EV Demand Slows

BMW called out for tech issues, Honda and Nissan team up to take on China EV juggernaut

Mar 18, 2024 01:19 PM

China Issues Stringent Rules to Tighten Listing Controls and Tackle Financial Fraud

The new rules, designed to increase investors’ confidence, underline the crucial role of intermediate institutions as gatekeepers

Mar 16, 2024 03:36 AM

Exclusive: ICBC Vice President Set to Become Citic Group’s New President

Zhang Wenwu was appointed deputy head of the group’s Communist Party committee, putting him on track to take over the executive role

Mar 15, 2024 08:08 PM

Shenzhen Jinjia Group Chairman Detained Amid Busy Week for Graft Busters

Qiao Luyu joins executives and board members from five other listed companies to be held by investigators recently as China’s corruption crackdown rolls on

Mar 16, 2024 07:14 PM



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