BEIJING (AP) — State TV has shown the founder of the Chinese insurance company that owns New York City's Waldorf Hotel admitting his guilt at a trial on charges he fraudulently raised $10 billion from ...

(Reuters) -Chinese insurance broker Yuanbao said on Thursday that it was targeting a valuation of up to $676.3 million in its U.S. initial public offering, amid economic uncertainty and a slowdown in ...

A Chinese insurance company will acquire the Loews Santa Monica Beach Hotel and the Hotel del Coronado near San Diego as part of a $6.5 billion deal, the Associated Press reports. The properties will ...

TIAN RUIXIANG Holdings Ltd. (NASDAQ:TIRX), a China-based insurance broker, on Friday, announced it is acquiring Ucare Inc. in an all-share deal worth $150 million, aiming to enhance its role in ...

China's insurance regulator now requires major insurers to allocate 1% of assets to physical gold, creating unprecedented structural demand. This move is explicitly funded by reducing U.S. Treasury ...

Chinese insurance firms have increased their equity exposure to the highest level in at least three years, heeding Beijing’s call to build a slow and steady bull market. Equity holdings by the cohort ...

The latest December 2023 premium income numbers for Ping An Insurance were inferior to that of its key peers. But Ping An Insurance is the top Mainland Chinese insurance company on Brand Finance's ...

BEIJING/SHANGHAI, April 23 (Reuters) - Ping An Insurance's (601318.SS), opens new tab, first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as its ...

Tesla is making a renewed push into the Chinese insurance market with the establishment of a wholly-owned subsidiary with a registered capital of RMB 50 million ($6.92 million) and its China chief Tom ...

HONG KONG (Reuters Breakingviews) - Chinese insurers have developed a taste for equity, and regulators are rightly worried. They are increasingly concentrating their assets on individual company names ...