Wu Yujian
Stories by Wu Yujian
EV startup Nio joins Chinese auto industry’s rush into insurance business
Li Auto, BYD, and XPeng have also tapped the insurance sector.
Taiping Life pays $431m for Anbang’s stake in Zheshang Bank
Taiping Life purchased 1.35 billion of Zheshang’s shares from Traveler Automobile Group.
Huarong’s strategic investors set up PE firm to inject capital into bad debt manager
Troubled Huarong has been selling bad assets and shedding its stakes in units outside its core business.
Citic Securities plans to take stake in new private pension venture
The registered capital of the venture is expected to be 11.15 billion yuan ($1.72 billion).
Tencent eyes controlling stake in Great Wall Changsheng Life Insurance
China Great Wall has put the 70% stake up for sale and priced it at $614 million.
Thailand’s CP Group offloads another $2b worth of stake in Chinese insurer Ping An
The move came after Ping An reported lacklustre profits in the first quarter.
