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  • October 21, 2014
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  1. News - World - SOCIETY

    Silicon Valley's latest job perk? Egg freezing

    Posted Oct 15th 2014, 10:38pm by AP

    ... But coverage of egg freezing is rare. Corey Whelan, of the American Fertility Association, said she had never heard of an insurer or employer covering the procedure for women who wanted to delay pregnancy for non-medical reasons "Insurers will sometimes cover egg freezing for cancer patients, but it's by no means guaranteed," said Whelan. While the technology is growing more ...

    http://www.scmp.com/news/world/article/1617075/silicone-valleys-latest-job-perk-egg-freezing
  2. Business - Banking & Finance - INSURANCE

    Forced disclosure clause in draft insurance bill could kill industry, insiders complain

    Posted Jun 26th 2014, 09:38am by Jasper Moiseiwitsch

    ... disclosure fuels market talk The insurance industry is buzzing about a clause buried in a draft bill that will launch the Independent Insurance Authority. The clause in the 478-page document says: "The Authority may … require a licensed insurance intermediary to take specified steps to ensure that disclosure is made to its clients of any commission or advantage that the intermediary ...

    http://www.scmp.com/business/banking-finance/article/1540781/forced-disclosure-clause-draft-insurance-bill-could-kill
  3. Business - Banking & Finance - FUNDRAISING

    BOC raises US$6.5b in offshore preferred share issue

    Posted Oct 16th 2014, 12:14pm by Sophie Yu and Don Weinland

    ... deadlines, in 2018 and 2019. Buyers of the BOC issue were mainly domestic institutional investors, such as insurance companies, and international institutional investors, said Chen Xingyu, an analyst ...

    http://www.scmp.com/business/banking-finance/article/1617541/bank-china-seeks-raise-us65b-offshore-preferred-share-issue
  4. Business - China Business - COMPETITION

    China antitrust regulator discloses penalties to boost transparency

    Posted Sep 08th 2014, 04:13am by Kwong Man-ki

    ... insurers aims to boost transparency after US and European business groups accused Beijing of unfairly targeting foreign firms in investigations, experts said. The National Development and Reform Commission (NDRC) last Tuesday posted on its website details of disciplinary penalties imposed against Zhejiang Provincial Insurance Association and 23 other insurers in the province. They violated ...

    http://www.scmp.com/business/china-business/article/1587375/china-antitrust-regulator-discloses-penalties-boost
  5. News - China Digest

    The Post's daily China news round-up- October 14, 2014

    Posted Oct 14th 2014, 10:25am

    ... Journal- China Real Time 'A smothering order is a reading list.' Study finds migrant workers excluded from insurance coverage |Source: Caixin Researchers note that although the majority of migrant workers report having healthcare insurance, less than one third can draw on their benefits. Taiwan’s digital democracy |Source: China Policy Institute Blog Taiwan’s ‘2D’ democracy ...

    http://www.scmp.com/news/china-digest/digest/1616089/posts-daily-china-news-round-october-14-2014
  6. Business - Companies - HOSPITALITY

    US$1.95b New York hotel sale could signal attempt to attract Chinese elite, analysts say

    Posted Oct 13th 2014, 04:13am by TIFFANY AP

    ... Chinese firm Anbang Insurance for a record US$1.95 billion has again proved the appeal of New York real estate as a haven for foreign investors. However, analysts say the deal, the most ever paid ... way." The real advantage, however, could be expediting the Waldorf brand on the mainland where it has been slow to develop a presence. Although Anbang holds a small slice of the insurance ...

    http://www.scmp.com/business/companies/article/1615303/new-york-proves-safe-haven-foreign-investors
  7. Business - China Business - INSURANCE

    'Drunk insurance' being sold to Chinese World Cup fans

    Posted Jun 16th 2014, 03:07am by Kwong Man-ki

    ... push themselves to the limit during the late-night endurance effort required of World Cup fever. Running in from the sidelines are insurers with some innovative products that can provide night ... midnight, insurers have been quick to spot a new market and to come up with some catchy names for products costing as little as 3 yuan (HK$3.74). "Night owl insurance", valid for 30 days, ...

    http://www.scmp.com/business/china-business/article/1533576/world-cup-fans-offered-novel-insurance-plans
  8. Business - Money

    AXA in talks to sell Hong Kong Mandatory Provident Fund unit

    Posted Sep 12th 2014, 06:19am by Bloomberg

    ... Bloomberg AXA in talks to sell HK pension fund unit AXA, France's largest insurer, is in advanced talks with bidders including Manulife Financial Corp to sell its pension fund unit ... the discussions are confidential. It has also drawn suitors including Sun Life Financial, Principal Financial Group and FIL, according to the people. The French insurer looks after the 10th-largest pool ...

    http://www.scmp.com/business/money/markets-investing/article/1590512/axa-talks-sell-hong-kong-mandatory-provident-fund
  9. Business - China Business - INSURANCE

    Catastrophe insurance scheme on the way, but huge risks may deter insurers from taking part

    Posted Dec 04th 2013, 10:36am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com But with potentially huge claims arising from disasters such as earthquakes on the mainland, experts say insurers will need Beijing's support Catastrophe cover scheme edges closer The mainland's social security reforms are set to spur the development of a catastrophe insurance scheme, but experts said the lack of risk ...

    http://www.scmp.com/business/china-business/article/1372667/catastrophe-insurance-scheme-way-huge-risks-may-deter
  10. Business - Companies - DEBTS

    China Taiping perpetual bond to raise US$600m

    Posted Sep 03rd 2014, 09:57am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com China Taiping Insurance plans to offer its first US dollar-denominated perpetual subordinated bond, raising US$600 million to strengthen its capital base and operation. In a filing with the Hong Kong stock exchange on Wednesday, the insurer said it had hired HSBC Holdings, Standard Chartered and CCB International Capital, the overseas brokerage arm ...

    http://www.scmp.com/business/companies/article/1584274/china-taiping-perpetual-bond-raise-us600m

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