Asia
Chinese regulator ‘shows its teeth’ in insurance clampdown
China’s insurance regulator has issued its third warning in just nine days, announcing a clampdown on life insurers just weeks after the high-profile sacking of its top official in a corruption scandal that rocked the industry.
Capital Group partners with AIA Hong Kong in ILAS push
Fund manager Capital Group is teaming up with AIA Hong Kong to introduce long-term investment solutions through the AIA investment linked assurance scheme (Ilas).
Mirae Asset launches Asia bond fund
Mirae Asset Global Investments in Hong Kong has launched an Asia bond fund, which aims to capture the most attractive opportunities within the Asian corporate bond space.
China’s HNA Capital takes top stake in Deutsche Bank
Chinese financial services group HNA has become the biggest shareholder in Deutsche Bank after increasing its stake to just under 10%, overtaking the Qatar royal family and BlackRock.
Pacific Insurance unit buys stake in Chinese asset manager
China Pacific Insurance Co. (CPIC), the country’s third largest life insurer, has bought a 51% stake in Chinese fund management company GTJA Allianz Fund Management and will share ownership of the firm with Germany’s Allianz.