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Export-Import Bank of China Issues 1-Year, 5-Year Bonds
Export-Import Bank of China, the nation's policy-related bank, on May 27 issued CNY 15 billion one-year financial bonds at a coupon rate of 3.5% and CNY 19.37 billion five-year financial bonds at a coupon rate of 3.87% including 0.62% inter...
Changjiang Pension Central, South Center Settled in Wuhan
The central and south region pension center under Changjiang Pension Insurance Co., Ltd. opened in Wuhan, capital city of Hubei Province, on April 28, 2011. This is the first outlet under the pension insurance firm in the central and south...
Shaanxi-ASEAN 2010 Trade Value Topped USD1.6bn
The trade value between Shaanxi Province, Northwestern China, and the ASEAN came to USD 1.655 billion in 2010, and the ASEAN has become the third biggest trade partner with the province, according to people from the Shaanxi-ASEAN small and...
Shanghai Benchmark Stock Index Hit 5-month High
Shanghai and Shenzhen stock exchanges went bully on April 8, 2011, and ChiNext, a start-up board of the Shenzhen bourse continued rebounding. Shanghai Composite Index, the benchmark stock index, closed at 3,030.02, growing 0.74% and a recor...
China Pacific Insurance 2010 Net Up 16.3%
China Pacific Insurance (Group) Co., Ltd. (SHSE: 601601) recorded CNY 8.557 billion in net profit attributable to shareholders of parent company, rising by 16.3 percent from a year ago, and its solvency adequacy ratio came to 357 percent, i...
Ping An to Finance via H-share Placement, Suspending Trading
Ping An Insurance (Group) Company of China, Ltd. (Ping An, SHSE: 601318, and SEHK: 2318), the second largest insurance conglomerate in the nation, suspended trading on both the A-share and H-share markets as it is preparing for financing vi...
More Enterprise Annuities to Make Stock Investment
The proportion of stock investment with enterprise annuities is expected to rise to not higher than 30% of an enterprise's investment portfolio. As at the yearend of 2009, the amount of China's enterprise annuities totaled to CNY 252.5 bill...
Pacific Securities Plans CNY5bn Share Placement
Shanghai-listed Pacific Securities Co., Ltd. plans to place not more than 500 million shares to maximum 10 selected institutional investors at a price of no less than CNY 10.28 per share. According to its February 16 announcement, the compa...
China Re 2010 Consolidated Assets Topped CNY100bn
China Reinsurance (Group) Corporation January 23 stated that its consolidated business income came to CNY 38.269 billion in 2010 and consolidated assets stood at more than CNY 100 billion for the first time. China Re chairman Li Peiyu discl...
Smaller Insurers Apply for Opening More Branches
During the first 15 days of this year, 15 insurance companies of China's Mainland applied to China Insurance Regulatory Commission for opening branches. Among them, Anbang Life Insurance Co. has been approved to open four branches in Shangh...
TAIWAN'S LITE-ON CLEARED TO ENTER CHINA REAL ESTATE MARKET
a Taiwan-based electronics maker, has gained approval from the Investment Commission to invest US$50 million in China's real estate market, the commission said Saturday. It was the largest China-bound property market investment approved by T...
AVIVA-COFCO Lifts Capital Base to CNY2.3bn
AVIVA-COFCO, a joint venture between COFCO and British Aviva Group, January 18 announced that it won a regulatory approval to increase registered capital for the sixth time since establishment. The insurance company expanded capital base by...
Baucus condems House plan to add $230 billion to U.S. debt
BAUCUS CONDEMNS HOUSE DECISION TO ADD $230 BILLION TO AMERICA'S DEBT Finance Chair disappointed with House plan to cut Medicare Benefits, increase taxes, give power over patient care back to insurance companies Washington, DC - Senate Finan...
More Funds Selected as NSSF Investment Managers
After six years of suspension, China's National Social Security Fund (NSSF) has selected seven fund management institutions as the domestic investment managers, thus adding the number of such funds up to 16. This time, NSSF requires that th...
INDIA'S SBI GENERAL, MAX BUPA EXEMPTED FROM MGMT EXPENSES CAP
Indian insurance regulator Irda has exempted SBI General Insurance and Max Bupa from following its guidelines capping management expenses at 23 per cent of gross premium collections during their first five years in business. ... The compani...
China Jan.-Oct. Premium Income Up 32.28%
Insurance companies in China gained about CNY 1.24 trillion in premium revenue in the first ten months this year, rising by 32.28 percent over the period of last year, according to data by the China Insurance Regulatory Commission. In detai...
Xiamen Bank to Finance CNY537mn from 3rd Financing
Xiamen Bank on November 17, 2010 started the third round of capital increase. The commercial lender intends to issue three shares for every ten shares to all shareholders at CNY 2.71 a share or a total of CNY 537 million, which willl increa...
Insurers offer black box recorders to fight motor fraud
Insurers are offering black box video recorders to drivers in a bid to prevent fraudulent motor insurance claims. Motorists installing the boxes can pass on the data to insurers to prove who is at fault when processing claims. The 'Roadhawk...
P&I club aims for 5% increase in 2011/12
Protection and indemnity association The London PI club has set a general increase of 5% in annual PI call rates for 2011/2012 policy year. The club reported its financial position strengthened in early 2010, with claims lower than expected...
Retirement prompts double change at Zurich UK
She has worked for Zurich for over fifteen years in a number of roles, her most recent being chief operating officer for the UK general insurance business. Claudio Gienal is taking over as chief operating officer of UKGI, starting 1 Februar...
Shandong Insurers Q1-Q3 Underwrote CNY9.22trn Insurances
Insurance companies in Shandong Province, excluding Qingdao City, underwrote CNY 9.22 trillion insurances and compensated CNY 13.803 billion by the end of the third quarter this year, according to data from the China Insurance Regulatory Co...
Chinese Banks Booming in Australia
As a bevy of Chinese mining companies have forayed into Australia, the local-incorporated Chinese banks are going through their best times in the country. From November 2007 to September 2010, the Foreign Investment Review Board (FIRB) of A...
Morgan Stanley to Withdraw from CICC Next Feb
Morgan Stanley, a global financial services firm headquartered in New York City, has submitted the equity change application on withdrawing from China International Capital Corporation (CICC) to the China Securities Regulatory Commission an...
Impax Laboratories Reports 3Q 2010 Results
Impax Laboratories, Inc. has reported adjusted net revenue in the third quarter of 2010, excluding the effect of a change in accounting for revenue received under the Company's Strategic Alliance Agreement with Teva, increased $42.6 million...
CCB Refinancing Would Meet Capital Need
China Construction Bank Corporation (CCB, SHSE: 601939), one of the Big Four state lenders of the country, November 3 held road shows for its A share placement, and vice president and CFO Pang Xiousheng said the bank's capital adequacy rati...
RMB Appreciation to Benefit 4 Industries
Banking, real estate, air transportation and papermaking sectors are believed to benefit from the appreciation of Chinese Yuan. This month, China's real estate policies are expected to be more certain and the effect of the macro control wil...
Mercer Insurance Q3 net income increases
Mercer Insurance Group, Inc. has reported a net income of $3.87 million, or $0.6 per diluted share, for the third quarter ended September 30, 2010, compared to $3.55 million, or $0.56 per diluted share, for the third quarter ended September...
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Copyright: Unknown Source: PR Newswire US Wordcount: PUBLIC CONTINUES TO
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