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China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

China set to fine Ant Group over $1 bln, signalling revamp nears end-sources

by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, Non-Life, Regulation, Technology

The regulators also pushed Ant, whose businesses span payment processing, consumer lending and insurance products distribution, to revamp its business structure and bring it under tighter regulatory supervision Chinese authorities are poised to impose a fine of more...
Violent protests erupt at Apple’s biggest iPhone-making plant in China

Violent protests erupt at Apple’s biggest iPhone-making plant in China

by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Workplace/Employee Benefits

The Foxconn situation serves up another reminder of the dangers for Apple of relying on a vast production machine centered on China at a time of unpredictable policy and uncertain trade relations Hundreds of workers at Apple Inc.’s main iPhone-making plant in China...

Chubb receives regulatory approval to increase its Huatai stake to 83.2%

by AIP Online Bureau | Nov 19, 2022 | Eco/Invest/Demography, Intermediaries, Life, Non-Life

“China is currently the second largest insurance market after the United States. With an aging and more affluent society comes the growing demands for insurance and asset management products and services. We take a long-term view, and I am confident Huatai will...
Rich nations stick to coal phase-out as China builds new plants

Rich nations stick to coal phase-out as China builds new plants

by AIP Online Bureau | Nov 15, 2022 | International News, Non-Life, Reinsurance

“Accelerated retirements (of coal plants) within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at...

Tesla changes insurance incentive scheme in China to urge purchases

by AIP Online Bureau | Nov 8, 2022 | International News, Non-Life

Tesla delivered 71,704 China-made electric vehicles (EVs) in October, down 14% from a record high in September, according to the China Passenger Car Association last week Tesla Inc. said it has raised insurance incentives for car orders in China placed before Nov. 30,...
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