Dalian Wanda Group is mulling the sale of as many as 20 shopping malls in wealthy areas of China, reported Bloomberg quoting people familiar with the matter, as the indebted conglomerate tries to avert a liquidity crunch.
Only 4% of 'sustainable' investment funds would automatically comply with the labelling and naming rules for disclosures set by major regulatory regimes according to technology platform Clarity AI.
Two-thirds (67%) of China's 1.4bn people believe they will be healthy enough to live to at least 80 years old, according to a survey commissioned by Prudential plc.
Taiping Life Insurance has paid CNY3bn ($431.5m) to acquire 6.33% of China Zheshang Bank.
31 insurance asset management companies in China have published their 2022 annual financial reports, showing that their combined operating revenue totalled CNY32.72bn ($4.72bn), representing a year-on-year drop of 10.39%.
HSBC Holdings shareholders have voted to reject a proposal, backed by Ping An Insurance Group, to spin off the bank's Asian operations during the annual shareholders' meeting in Birmingham on 5 May.
Dajia Insurance Group has accelerated its development of elderly care communities, adding five new urban medical and nursing communities and 2 new elderly residential and rehabilitation communities in 2022.
Ten major Japanese life insurance companies have said that they plan to increase investments in domestic bonds in the current fiscal year ending 31 March 2024 (FY2023), in anticipation that the Bank of Japan will revise monetary policy this calendar year.
Taiwan's insurance industry reported a combined pre-tax loss of NT$29.5bn ($959m) for the first quarter of this year, according to data from the Financial Supervisory Commission (FSC). In contrast, the industry showed a pre-tax profit of NT$135.6bn in the corresponding quarter in 2022.
The operating performance of the Sanlam Group, which is the biggest financial services group in Africa, remained resilient in 2022, supported by strong life operating performance, helped by lower mortality claims but offset by weaker non-life performance, notes Fitch Ratings.