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News
Rava Partners' Gaolu Group Selling China Sheds to Insurer Fund
6+ day, 11+ hour ago (594+ words) 2026/09/07 by Iris Hong Gaolu’s Taicang facility in Jiangsu spans over 142,000 sqm (Image: Gaolu) Rava Partners’ China logistics division Gaolu Group announced on Saturday that it has established a RMB 2.5 billion ($350 million) income fund backed by some of the region’s largest…...
FWD Philippines lifts new business annual premium equivalent to $85m
1+ week, 8+ hour ago (214+ words) The insurer reported a 12.2% share of the Philippine market. FWD Philippines saw its new business annual premium equivalent (NBAPE) in the second quarter of 2026 jump 23.5% year-on-year (YoY) to $85m (P5.3b). The insurer said it now has a 12.2% market share. FWD Philippines president…...
Finance ministry to invest in major Chinese insurance groups
1+ week, 16+ hour ago (152+ words) China Daily Global Edition Finance ministry to invest in major Chinese insurance groups China's Ministry of Finance will inject 35 billion yuan ($5.21 billion) into China Life Insurance (Group) Company to help with operations and risk resistance capacity, the company announced on…...
China plans up to $47 billion capital boost for state banks and insurers
1+ week, 14+ hour ago (261+ words) China plans to strengthen the capital of state-owned banks and insurance companies through injections and private placements of shares totaling up to 317 billion yuan, equivalent to approximately $47 billion. This was reported by Asharq Al-Awsat, citing company statements and Reuters. China’s…...
HSBC Eyes Singapore Consolidation: Will Simplification Aid Growth?
1+ week, 5+ day ago (144+ words) Business Simplification by HSBC’s Peers HSBC’s simplification drive mirrors broader efforts across banking peers like Barclays PLC BCS and Standard Chartered PLC SCBFF to streamline operations and sharpen strategic focus. Barclays has been reshaping its business mix with an emphasis…...
Hong Kong's China Taiping profit jumps 90% on life insurance business growth
2+ week, 5+ day ago (25+ words) TradingView Hong Kong's China Taiping profit jumps 90% on life insurance business growth...
Participating life insurance plans: How bonuses work and what policyholders should know - BusinessToday
3+ week, 6+ day ago (241+ words) Participating life insurance plans, commonly known as “par” plans, allow policyholders to share in the surplus generated by the insurer’s participating fund. Unlike conventional policies where benefits are fixed at inception, participating plans can provide additional benefits through bonuses, depending…...