China removed foreign shareholding restrictions on life insurers in January to further open up the financial market
AIA Company Limited has received approval from the China Banking and Insurance Regulatory Commission to convert its Shanghai Branch into a wholly-owned subsidiary of AIA Co. This new subsidiary will be incorporated in Shanghai and is the first wholly foreign owned life insurance company approved for incorporation in Mainland China,said AIA .

AIA will now begin the application process for separate regulatory approvals to establish branches of the newly incorporated subsidiary in additional territories in Mainland China.

Coronavirus pandemic accelerating with Americas worst, warns WHO

Jun 20, 2020

With many nations easing restrictions but fearful of a second wave of infections, WHO emergencies expert Mike Ryan urged a gradual and scientific approach.“Exiting lockdowns must be done carefully, in a step-wise manner, and must be driven by the data,” he said. “If don’t know where it is the chances are the virus will surprise you.”

China sees European virus strain in Beijing, WHO says more study needed

Jun 20, 2020

Wu Zunyou, the CDC’s chief epidemiology expert, had told state media this week the Beijing strain was similar to Europe’s, although not necessarily directly transmitted from European countries.

Japan’s economy reopening cautiously, balancing health risks

Jun 20, 2020

The government has announced 230 trillion yen ( 2 trillion) in stimulus, including help for local businesses and cash handouts of 100,000 yen ( 930) per adult to coax consumers into spending.

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