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  • September 20, 2014
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  1. China's insurers see chance in trade shunned by West

    Posted Apr 19th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Mainland insurers could take a bigger role in covering supertankers carrying crude oil from Iran to China when the European Union introduces tougher ... prices, experts said. The sanctions, which are being introduced to pressure Iran to curb its nuclear programme, will prevent Western marine mutual organisations insuring vessels chartered to carry ...

  2. [Life insurers go head to head]

    Posted Oct 08th 2005, 12:00am by Staff Reporter

    ... Life insurance, like almost everything else in the world of business, is a matter of calculating risks and rewards, and these must be assessed on a daily basis. Firms doing business in China can face completely unexpected obstacles and need to learn the intricacies of a different business environment. So, foreign insurance companies view any investment in China in terms of its ...

  3. Giant insurer taps into growth of IT outsourcing on mainland

    Posted Sep 12th 2005, 12:00am by Staff Reporter

    ... BIEN PEREZ The world's largest insurance firm, American International Group (AIG), is on the prowl for more business as information technology outsourcing expands in China. It is looking to sell for more professional liability insurance to IT service providers and software developers. But AIG only expects demand to grow if more small to medium-sized IT outsourcing ...

  4. Insurer sails with the tide

    Posted Aug 20th 2005, 12:00am by Vicki Williams

    ... said Citic Prudential Life Insurance chief executive Captain Chia. The company recently opened two mainland offices, bringing its total to 10, and recruits are being taken on in Hong Kong, ... the ranks with one or two employers and were looking to take a further step up the ladder. 'We have more confidence in this type of person,' he said. A potential agency chief should also ...

  5. Comment - Insight & Opinion

    Top up China's pension fund for stronger social safety net

    Posted Dec 06th 2012, 12:00am by Hu Shuli

    ... that will allow people to switch between three existing types of pension insurance. If approved, the flexibility will go some way to addressing long-standing criticism of the current system. China needs ... be covered by the urban social insurance scheme because it would be too expensive. Employees are expected to contribute up to 45 per cent of their monthly salary to the fund, a burden they would find ...

  6. News - China - EDUCATION

    Rules for which migrants can study in their adopted cities anger families

    Posted Sep 07th 2012, 12:00am by ZHUANG PINGHUI

    ... that requires the migrants to have stable jobs, "stable residency" and contribute to social insurance, cities could also set rules, such as when the children attended school in those cities. He said local governments would also set their own policies based on what type of skilled workers they were trying to attract. Yuan's comments came just days after the State Council ...

  7. Business - Economy - ECONOMY

    China cuts customs fees to boost trade

    Posted Sep 28th 2012, 12:00am by Victoria Ruan

    ... rebates for exporters, cutting financing costs for companies and widening the coverage of export insurance. Starting Monday, all customs supervision fees would be removed, a statement posted ... ranging from 0.15 per cent to 0.3 per cent of the import value of goods, based on the CIF price, which includes freight and insurance costs. Inspection and quarantine fees range from 0.067 per ...

  8. News - China - SOCIAL WELFARE

    Teacher garners public sympathy after writing 'seditious' essays

    Posted Sep 17th 2012, 12:00am by Verna Yu

    ... more. Having no medical insurance from the state or his college, the 55-year-old fell into debt paying for his operation. Then he lost his job when his state factory-affiliated college closed ...

  9. Business - Money - LISTINGS

    PICC builds listing base on 17 cornerstone investors

    Posted Nov 22nd 2012, 12:00am by George Chen, Ray Chan

    ... Ray Chan and George Chen Biggest mainland non-life insurer lines up 17 cornerstone investors in initial public offering to raise up to HK$27.8 billion PICC assembles broad base for Hong Kong IPO People's Insurance Co (Group) of China (PICC) has taken out some insurance on its planned initial public offering of shares in Hong Kong. The state-owned insurer has lined up ...

  10. News - China - SOCIETY

    Health care costs still a heavy burden for mainlanders, says health minister

    Posted Jan 08th 2013, 12:00am by ZHUANG PINGHUI

    ... prices and expanding the insurance network have been mapped out. Since then, the mainland has established the world's largest medical insurance network, with 95 per cent of the population- farmers, urban employees and urban residents- enjoying basic medical insurance. "But the burden on residents is still heavy," Chen said, citing the example of reimbursing money spent ...




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