Chinese insurance company Anbang, which made headlines just over a month ago when it was formally taken over by China’s insurance regulator, will be given a rescue package of RMB 61 billion ($9.7 billion) from the government whilst it finds new long-term capital providers, the Financial Times reports. Anbang was abruptly seized by the government’s […]
Category: Brief
Presidents Xi Jinping and Emmerson Mnangagwa of Zimbabwe voiced their desire to continue the economic cooperation between their two countries, Reuters reports, during their first official visit since the ousting of Robert Mugabe late last year. China has been raising its presence in Africa through trillions of dollars’ worth of large infrastructure projects, Zimbabwe being […]
The online asset management industry is the next target of the government’s war of risk, Caixin Global reports, with a wave of bans being placed on unlicensed financial businesses. The government is wary of the build-up of capital being used to buy risky financial securities, an issue which became apparent during the stock market turmoil […]
Chinese state energy giant Sinopec group has unveiled plans to more than double its receiving capacity of liquified natural gas (LNG) over the next six years and boost domestic output of shale gas by over 60% by the end of the decade, Reuters reports. In line with China’s recent commitment to a greener national energy […]
New stock market reforms will now allow unprofitable Chinese companies to list on domestic exchanges, Caixin Global reports, in a bid to make investment more accessible to small, innovative companies in the tech sector. Previously, Chinese companies hoping to go public on one the country’s two stock exchanges would have to demonstrate a history of […]