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...“We are one of the few companies that can still rely on its own creditworthiness,” said state-linked China Vanke, the second-largest homebuilder in the country last year....
...By early April, however, none of Gatik’s ships held insurance from any of the recognised large mutual providers....
...In nearby Guangzhou, where Evergrande has relocated its headquarters from Shenzhen and which is not part of any mutual recognition pilot scheme, the company’s building was this month surrounded by police...
...A legal adviser for one mutual fund house said while mutual funds and securities companies had in many cases almost reached their limits, they were saving some for bets on “possible year-end rallies in offshore...
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...Multiple police vehicles were parked outside China’s National Administration of Financial Regulation (NAFR), the revamped banking and insurance watchdog, on Wednesday afternoon....
...Big money managers in China cut fees on thousands of mutual fund products on Monday, in a swift reaction to a government drive to reduce rates across the country’s fast-evolving financial services sector...
...The insurance sector is expecting a hefty bill....
...Senior insurance industry figures said the sector had pushed to ease trading between the two countries’ specialist insurance markets, where big assets such as planes and pipelines are insured by a range...
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...the traditional way of selling ETFs, through banks or insurance companies....
...Insurance certificates for two US coal mines list Zurich-based reinsurance leader Swiss Re and US insurer Liberty Mutual as providing insurance cover for the operators of projects in Wyoming and Montana...
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant....
...After abandoning plans for its own mutual fund company in China in 2021, Vanguard aimed to put teething problems in the country behind it by doubling down on a widely envied partnership with local financial...
...The wall of buying has Beijing’s fingerprints all over it as Central Huijin, an investment arm of China’s sovereign wealth fund, joined a raft of state-owned insurance companies and asset managers in buying...
...The country’s burgeoning economy has drawn the attention of foreign banks, several of which are ramping up their presence in the country, the FT’s Chloe Cornish and DD’s Kaye Wiggins report....
...But if business finds COPs hard going, the feeling can be mutual....
...Various loopholes, including purchases of insurance policies in Hong Kong and small transfers using friends’ foreign exchange quotas, have been used to circumvent the rules....
...Multi-asset investors are among clients that favour ETF classes “due to their transparency, low cost and liquidity”, while some providers of unit-linked insurance products “do not have a broker set-up enabling...
...thomas.hale@ft.com...
...Tech companies have been hit hard by Washington’s imposition of export controls barring US companies from selling advanced chipmaking equipment to Chinese groups....
...high, and that it amounts to a federal subsidy for banking companies....
...Senior executives at a state-owned insurance company have also been told to not wear expensive clothes to work, said another person with knowledge of the matter China’s richest 0.001 per cent own a greater...
...The First Republic deal, and one in 2008 when JPMorgan purchased the assets of Washington Mutual, fall under an exception for deals involving failed banks....
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