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  • July 31, 2014
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  1. Property - Hong Kong & China - PROPERTY

    Shanty town revamp not enough to prop up slowing China economy

    Posted Jul 28th 2014, 06:29am by Langi Chiang

    ... issue bonds to commercial banks, insurers, pension funds and other investors. The bank made its first shanty town redevelopment loan in 2005 and the outstanding amount is 573.5 billion yuan. ...

    http://www.scmp.com/property/hong-kong-china/article/1560728/shanty-town-revamp-not-enough-prop-slowing-china-economy
  2. Business - Money

    Mainland China broker Shenyin & Wanguo buys Hong Yuan for 40b yuan

    Posted Jul 28th 2014, 04:26am by Bloomberg

    ... dwindles. The Hong Yuan purchase is the biggest takeover in the mainland financial industry, surpassing Ping An Insurance's US$4.3 billion acquisition of Shenzhen Development Bank in 2011, data ...

    http://www.scmp.com/business/money/markets-investing/article/1560729/mainland-china-broker-shenyin-wanguo-buys-hong-yuan
  3. Business - Economy - MIGRANT WORKERS

    Labour shortages could cost US$10 trillion if worker flows aren't better managed

    Posted Jul 30th 2014, 11:43am by DAVID DODWELL

    ... Worker Cards. It calls for fees to be paid by employers, not workers. It calls for standard benefits for all workers while they are overseas, including health insurance and pension benefits. All ...

    http://www.scmp.com/business/economy/article/1562564/labour-shortages-could-cost-us10-trillion-if-worker-flows-arent
  4. Prudential may enter yuan insurance fray

    Posted Jan 14th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu British insurer Prudential, which is listed in Hong Kong and is the fourth largest in the city, is studying plans to introduce yuan insurance products in the second quarter of the year. Yuan insurance policies, apart from yuan funds and bonds, have become investors' favourites as the currency is widely believed to strengthen by 4 to 6 per cent this year. It has risen ...

    http://www.scmp.com/article/735678/prudential-may-enter-yuan-insurance-fray
  5. Tune Ins unlocks insurance potential of robust travel market

    Posted Mar 21st 2014, 04:35pm by Reports by Elaine Deng, Krystin Chu, Stacey Johnson, Khay Inn Poh and Jessica Ryan

    ... typically purchase travel insurance, will form a new base of insurance buyers and potentially revolutionise the region's insurance industry as e-commerce gains traction. Tune Ins is headed in this direction with its vision to be the leading digital insurance franchise in Asean by next year. As the exclusive insurer of AirAsia, which has been named the world's best low-cost airline since ...

    http://www.scmp.com/article/1454040/tune-ins-unlocks-insurance-potential-robust-travel-market
  6. News - Hong Kong - HEALTH

    Strain on Hong Kong's health system increases as government dithers over reform

    Posted Jun 22nd 2014, 04:30am by NG KANG-CHUNG

    ... billion out of HK$79 billion- according to a report released in 2011, with employer-funded and private insurance, and households, picking up the rest of the bill. There is growing concern that waiting times and costs will rise as the population ages, prompting greater demand for medical care. Officials believe the key to healing the system is a voluntary insurance scheme. That idea, ...

    http://www.scmp.com/news/hong-kong/article/1537954/strains-health-system-rise-government-dithers-over-reform
  7. News - Hong Kong - POLITICS

    Anti-Occupy advertisement runs on MTR and buses

    Posted Jul 26th 2014, 04:09am by JEFFIE LAM

    ... they would be affected "if Central is occupied". "[I will] need to spend more time on transportation as … Hong Kong Island would be jammed," says an insurance agent. A woman ...

    http://www.scmp.com/news/hong-kong/article/1559296/anti-occupy-advertisement-runs-mtr-and-buses
  8. Business - China Business - INSURANCE

    Strong profit growth forecast for Chinese life insurers

    Posted Mar 10th 2014, 10:13am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Weaker earnings growth predicted for non-life players due to rising claim costs and the increase in sales of unprofitable car insurance Life insurers see profits rebound on investments The mainland's life insurers are poised to report robust growth in profit last year on the back of strong investment income, but the value of new ...

    http://www.scmp.com/business/china-business/article/1445074/strong-profit-growth-forecast-chinese-life-insurers
  9. Comment - Letters

    Letters to the Editor, July 14, 2014

    Posted Jul 14th 2014, 03:24am by LETTERS

    ... Give insurers clear 'best interests' rule Enoch Yiu's column (" Insurers should always act in clients' best interests ", July 8) misses the point at issue. As insurers, our business is built upon taking good care of consumers' interest and we always support the principle of acting in the best interests of policyholders. However, if this principle ...

    http://www.scmp.com/comment/letters/article/1553577/letters-editor-july-14-2014
  10. News - World - UNITED STATES

    Silicon Valley billionaire buys record US$201 million life insurance policy

    Posted Mar 17th 2014, 05:31am by AP

    ... Associated Press in San Francisco Billionaire buys record US$201m life insurance An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy, worth US$201 million. The man who cobbled the deal together said on Saturday that it had taken seven months and 19 insurance companies to put together a deal that surpasses the US$100 million ...

    http://www.scmp.com/news/world/article/1450251/silicon-valley-billionaire-buys-record-us201-million-life-insurance

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