Search Result for ' China '

Businesspeople shaking hands together

HSBC shakes hands with chinese life Insurance joint venture

 In its China life insurance joint venture, HSBS Holdings enters to buy the remaining 50%  stake to fully own the company as China gears up its markets by removing foreign ownership  restrictions on foreign funded insurance companies.   This agreement will help HSBC to expand its mark in China, as part of CEO Noel Quinn’s plan  to boost the company’s business and enhance its investments and capital to Asia. In a  statement, Quinn tells that they are trying to make steps in their growth strategy, despite the  coronavirus pandemic, and that the transaction will help boost the ambition of accelerating  growth in their Asian franchise and further extend their capabilities in wealth.   As part of its broad overhaul announced earlier on February, HSBC, Hong Kong had turned its  focus on growth markets such as mainland China and Hong Kong.   After U.S. and Japan, China’s insurance comes third with an estimated $318bn in premiums,  and with current reforms in ownership restrictions, HSBC joins the list of companies as foreign  fully-owned insurers in mainland China. China opened its asset-management markets for wider  foreign firms and companies on April 1st this year despite the ongoing Covid-19 crisis.   

Page 42 of 43 1 41 42 43
Adjusted Interest Rates Turn Positive in Turkey as Inflation Slows to 48.3%

Adjusted Interest Rates Turn Positive in Turkey as Inflation Slows to 48.3%

The shift of Turkey to a looser bias most likely indicates that a first-rate decrease is about to happen soon ...

Deadly Marburg Virus Sparks Panic in Germany After Rwanda Outbreak Claims 9 Lives

Deadly Marburg Virus Sparks Panic in Germany After Rwanda Outbreak Claims 9 Lives

Two passengers from Rwanda caused a health scare at Hamburg Central Station in Germany due to fear of being infected ...

Conflict, Pandemic, and Strikes Push Global Supply Chains to Breaking Point

Conflict, Pandemic, and Strikes Push Global Supply Chains to Breaking Point

Global supply systems are once again under pressure due to the pandemic that disrupted worldwide trade through lockdowns and travel ...

Adnoc Offers $13 Billion to Acquire Covestro, Paving Its Way Into Chemical Industry

Adnoc Offers $13 Billion to Acquire Covestro, Paving Its Way Into Chemical Industry

Adnoc's primary source of revenue until 2016 was the export of crude oil to Asia. Abu Dhabi's state energy company, ...

PepsiCo Expands Snack Portfolio with $1.2 Billion Tortilla Chip Acquisition

PepsiCo Expands Snack Portfolio with $1.2 Billion Tortilla Chip Acquisition

PepsiCo has been striving to diversify its price tiers and add new tastes to established brands like Lay's, Doritos, and ...

Welcome Back!

Login to your account below

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.

Retrieve your password

Please enter your username or email address to reset your password.