5 d. ago PM Modi in China Highlights: ‘Peace and tranquillity along border is like insurance policy for ties’, India tells China

PM Modi in China Highlights: ‘Peace and tranquillity along border is like insurance policy for ties’, India tells China  The Hindu

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1 week ago China Aug EV sales preview: Deutsche Bank expects Nio at 32,000 units, Tesla 53,000, Xiaomi 34,000

China Aug EV sales preview: Deutsche Bank expects Nio at 32,000 units, Tesla 53,000, Xiaomi 34,000  CnEVPost

Economics

1 week ago Ping An interim profit misses estimates as China’s economy sputters

The first-half profit of China’s most valuable insurance company missed analysts’ estimates, as one-off revaluations of investments eroded the increasing sales of life and health products by Ping An Insurance (Group). Interim net profit fell 8.8 per cent to 68.05 billion yuan (US$9.50 billion) from a year earlier, missing a 4.4 per cent increase that was expected by Bloomberg’s consensus estimate. The value of new business in Ping An’s life and health insurance divisions, a key measure of future...

Economics

1 week ago China EV registrations in week 34: Onvo 4,104, Xpeng 8,200, Tesla 10,300, BYD 70,600

China EV registrations in week 34: Onvo 4,104, Xpeng 8,200, Tesla 10,300, BYD 70,600  CarNewsChina.com

Politics

1 week ago China EV insurance registrations for week ending Aug 24: Nio Inc 7,571, Tesla 10,300, Xiaomi 8,200

China EV insurance registrations for week ending Aug 24: Nio Inc 7,571, Tesla 10,300, Xiaomi 8,200  CnEVPost

Politics

1 week ago China driver crashes on day of purchase, faces hefty bill; insurer refuses payout

A man in eastern China who crashed into a luxury car on the day he bought his own second-hand vehicle is facing a repair bill of more than 100,000 yuan (US$14,000) for both cars. However, his insurer refused to cover the damage, saying the policy was still seven minutes from taking effect. According to Zhejiang Television, a man surnamed Ma from Taizhou in Zhejiang province took out a loan of 115,000 yuan (US$16,000) to buy a second-hand car. On August 4, Ma picked up his car from a showroom and...

Events

2 w. ago China EV insurance registrations for week ending Aug 17: Nio Inc 7,190, Tesla 14,000, Xiaomi 7,170

China EV insurance registrations for week ending Aug 17: Nio Inc 7,190, Tesla 14,000, Xiaomi 7,170  CnEVPost

Politics

2 w. ago Top Hong Kong insurers band together on AI development, adoption

Seven major insurers, including AIA, AXA and HSBC Life, on Monday signed a pledge and joined a Hong Kong Insurance Authority programme to promote the adoption of artificial intelligence in the sector to enhance the city as a regional AI hub. FWD, Prudential, YF Life, and China Taiping Insurance (HK) also signed the pledge during a ceremony at Cyberport. Each company will establish and staff an AI centre in Hong Kong to develop innovations for use across the region. The seven insurers are the...

Politics

2 w. ago Will retirees be job market winners as China targets social insurance dodgers?

Increased scrutiny of businesses in China that evade their social insurance obligations looks set to further boost the employment of retirees, prompting widespread concerns as a record number of university graduates tries to find work. It all came to a head recently when recruitment notices put out by the McDonald’s fast food chain, which has been employing retirees for years, sparked an emotional response on Chinese social media platforms. “The logic behind it is simple – hiring retirees means...

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