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China revises company law to tighten capital contribution rules

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...

China metals giant faces protest in Indonesia after fatal blast

by AIP Online Bureau | Dec 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The deadly blast at a furnace run by PT Indonesia Tsingshan Stainless Steel — which is controlled by the Chinese group — has triggered a police investigation and a halt to the firm’s operations. Tsingshan is the world’s biggest nickel producer and one of Indonesia’s...
China’s magnitude-6.2 earthquake kills over 100 in impoverished northwest

China’s magnitude-6.2 earthquake kills over 100 in impoverished northwest

by AIP Online Bureau | Dec 19, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

About 400 people were injured, thousands of buildings collapsed and some infrastructure were damaged, according to state media Beijing: Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an...

Britain’s National Grid drops China-based supplier over cyber security fears – FT

by AIP Online Bureau | Dec 18, 2023 | Eco/Invest/Demography, International News, Policy, Risk Management

The decision came in April after the utility sought advice from the National Cyber Security Centre, a branch of the nation’s signals intelligence agency GCHQ, the newspaper quoted a Whitehall official as saying Britain’s National Grid has started removing components...

China issues draft plan for data security incidents

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Risk Management

The plan, which is currently soliciting opinions from the public, proposes a four-tier, colour-coded system depending on the degree of harm inflicted upon national security, a company’s online and information network, or the running of the economy Beijing: China...
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