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Business / Insurance market

PICC to test water for $3b HK IPO

[2012-11-13 10:40]

People's Insurance Company (Group) of China plans to start meeting investors on Nov 15 to gauge demand for an initial public offering that may raise more than $3 billion in Hong Kong.

New pension, insurance provision for Tibetan monks, nuns

[2012-11-11 17:28]

New social security policies coming into effect will see more than 46,000 monks and nuns living in 1,800 Tibetan monasteries being given the same life and accident insurance and pension cover as other civilians in the Tibet autonomous region

Health insurance policy seen as essential to medical alliance

[2012-11-08 09:31]

Insiders said Chaoyang hospital will find itself under less pressure only if changes are made to public health insurance policies.

Ping An Insurance net profit up 20.66% in Q3

[2012-10-31 09:20]

Ping An Insurance Co said that its net profit rose faster in the third quarter to reach $337.46 million, marking a year-on-year increase of 20.66 percent.

China, ROK sign social insurance deal

[2012-10-30 10:04]

China and the Republic of Korea on Monday signed an agreement on social insurance to avoid dual payment of premiums for pension and employment insurance.

China Life net profit down 56% in Jan-Sept

[2012-10-29 15:56]

China Life Insurance Co Ltd said on Oct 27 its net profit decreased 55.6 percent year-on-year to 74.3 billion yuan ($12 billion) in the first three quarters of the year.

Filling China's insurance gaps

[2012-10-29 14:02]

Now specialist insurers from the West are on the way to fill the gaps in China's insurance market, looking to profit from China's growth by providing their experience and expertise.

China's social insurance funds revenue up 24.6%

[2012-10-26 13:22]

The gross revenue of China's social insurance funds totaled 2.04 trillion yuan ($323.68 billion) in the first nine months, up 24.6 percent from the same period last year, official data said on Thursday.

More investment options for insurers

[2012-10-24 10:07]

China's insurance regulator has widened the overseas investment scope of domestic insurance companies and expanded the categories of assets they can invest in.

Regulator widens investment options for insurance companies

[2012-10-24 08:07]

China's insurance regulator has widened the overseas investment scope of domestic insurance companies and expanded the categories of assets they can invest in, to boost their investment returns amid the sluggish stock market.

China opens offshore investment to local insurers

[2012-10-23 15:31]

China's top insurance regulator has named 45 countries and regions where domestic insurers will now be able to allocate assets and expanded the list of allowed asset classes.

Insurers' investment scope expanded

[2012-10-23 15:12]

Chinese insurance companies will be able to invest in a larger variety of financial instruments and overseas destinations, the industry regulator said.

Richard Li to buy ING's HK, other units for $2b

[2012-10-22 10:20]

Hong Kong businessman Richard Li, the younger son of Asia's richest man, is buying ING's Hong Kong, Macau and Thailand insurance units for $2.14 billion in cash.

China Life warns on profits, shares slide

[2012-10-19 09:40]

China Life issued a profit warning that signaled its first quarterly loss since 2008 and sent its Hong Kong-listed shares down as much as 4 percent.

Wen urges spending on pension system

[2012-10-13 11:01]

Chinese Premier Wen Jiabao on Friday urged for more government spending on the social pension insurance system to address the country's aging problem.

PetroChina's insurance company in Xinjiang OK'd

[2012-10-12 15:51]

Chinese oil giant PetroChina Co got the green light to establish its captive insurance company in Karamay city in Xinjiang, with a registered capital of $790 million.

Ensuring a healthy life as an expatriate

[2012-10-08 09:42]

Over the past decade, the growing number of expatriates in China has created an emerging high-end private healthcare business market.

China's credit insurance subsidy eases trading risks

[2012-10-06 14:30]

A subsidy program to facilitate domestic small- and mid-sized traders' purchases of trade credit insurance has markedly eased trading risks, according to the Ministry of Commerce (MOC).

China credit insurance subsidy eases trading risks

[2012-10-06 14:08]

A subsidy program to facilitate domestic small and medium-sized traders' purchases of trade credit insurance has markedly eased trading risks.

Ping An sets record with sale of policy

[2012-09-28 09:34]

Ping An Life Insurance Co Ltd, China's second-largest life insurer measured by premium income, recently sold a policy with the total sum insured exceeding $16.7 million.

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