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...Additional reporting by Wang Xueqiao in Shanghai and Andy Lin in Hong Kong...
...Public impatience with this boiled over at a Shanghai branch of Ikea recently when shoppers broke through a blockade as health officials attempted to seal the site....
...But with competing claims on some of the properties, the title insurance companies refused to provide the unconditional cover required for lenders to finance Mirae’s $5.8bn purchase....
...property to asset management to rare earths....
...Each failure caused a national trauma in the US and was followed by a hiatus while costly efforts were made (with very limited effect) to reduce risks still further....
...BHS had fewer branches than the biggest retail casualties of the recession, but property experts say the void it left behind is still proving hard to plug....
...This high profile casualty of the trade war won’t go unnoticed among multinational companies. Garry Young, NIESR Chelsea will win the cup....
...Anbang may be making the headlines with its raised bid for the US’s Starwood Hotels but homebody insurance peer PICC Property and Casualty has been getting on with making money....
...Motor insurance is one of the fastest growing categories of property and casualty insurance in China today. But the business requires insurers to have big claims teams that can visit accident sites....
...Dalian Wanda, the Chinese property-to-entertainment company headed by China’s richest man, Wang Jianlin, is to branch out into one of the hottest mainland investment sectors: private hospitals....
...The casualties include the so-called Qualified Domestic Limited Partner scheme, designed to allow foreign asset managers — including the likes of BlackRock and Aberdeen Asset Management — in Shanghai’s free...
...It has not been limited to government halls, rolling through state industry, academia and even the military....
...PICC pushed ahead with its Hong Kong share sale even though it was not given clearance to run the other half of its planned IPO in Shanghai, where the poor performance of the market has led regulators to...
...In Hong Kong, the Hang Seng China Enterprises Index is up 7 per cent over 12 months, although PICC’s real estate arm – PICC Property & Casualty, listed in 2003 – is down around 6 per cent this year....
...AIG owns 9.9 per cent of PICC Property and Casualty, the Hong Kong-listed general insurance subsidiary of PICC Group....
...A Hong Kong businessman opened the Taipei branch of Sotheby’s Realty earlier this year in what YC Lam, the branch’s deputy director, describes as “a China play”....
...Because of restrictions on China’s capital account, foreign investors often have limited claim to the assets of the Chinese company....
...Financials and property stocks were obvious casualties of the worries over a possible Chinese interest rate rise before year-end....
...Twelve million people reside in central Mumbai, and Shanghai is almost as large....
...“Foreign banks in China hold the view that their limited market share would have to be expanded significantly if Shanghai is to achieve its goal of becoming an international financial centre,” says Mervyn...
...One, Helen Ashby, has recently opened a savings account with the company....
...Among UK companies, both AstraZeneca and GlaxoSmithKline – the two largest pharmaceuticals groups – have established research operations in Shanghai in the past two years....
...“However, insured losses are estimated to amount to only a fraction of this cost as insurance penetration in China remains low, and most Chinese P & C [property and casualty] policies do not cover earthquakes...
...The other Chinese members of the consortium investing in the high-speed rail line are PICC Property and Casualty, Taikang Life, Tai Ping Life, China Reinsurance, and China Pacific Insurance, which made its...
...His own company has opened a factory in Uganda, allowing it to manufacture antiretroviral drugs for HIV still under patent – but which can be supplied legally to countries where tougher intellectual property...
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