Chinese stocks finally gain entry to MSCI index

Chinese stocks finally gain entry to MSCI index

Chinese stocks finally gain entry to MSCI index

China has taken a big step towards the economic mainstream after its stocks were accepted into the MSCI global benchmark equity index. China has been trying for more than three years to be admitted into the index and the decision by MSCI will be seen as an endorsement of China’s efforts to liberalise its capital markets. For international investors and…

One Belt One Road key to raising risk management standards in Asia: Parima

One Belt One Road key to raising risk management standards in Asia: Parima

One Belt One Road key to raising risk management standards in Asia: Parima

The One Belt One Road (OBOR) initiative, China’s ambitious development project designed to coordinate large infrastructure projects in China and place itself at the centre of global trade and construction, could also play a critical role in raising risk management standards across Asia. This was one of the central points made at the Pan-Asian Risk and Insurance Management Association (Parima)…

Healthy start to a long process for risk management in China: Baron

Healthy start to a long process for risk management in China: Baron

Healthy start to a long process for risk management in China: Baron

The Pan-Asia Risk & Insurance Management Association (Parima) is enjoying healthy growth within China, has around 100 members already, this week holds its first Chinese event in Shanghai and has a good number of registrations, according to the association’s founding president Franck Baron. But the Chinese risk and insurance management community is at the beginning of a long journey. Awareness…

World Bank unveils catastrophe risk financing project for Myanmar

World Bank unveils catastrophe risk financing project for Myanmar

World Bank unveils catastrophe risk financing project for Myanmar

The World Bank has revealed a new project in Myanmar that aims to strengthen the country’s capacity to respond to disaster risks, and provides $116m in risk financing. Disasters cost Myanmar more than $184m annually and disproportionally hurt the poor, according to the bank. The Myanmar Southeast Asia Disaster Risk Management Project, approved last week by the World Bank’s board…

Takata prepares for bankruptcy after product recall woes

Takata prepares for bankruptcy after product recall woes

Takata prepares for bankruptcy after product recall woes

Japanese airbag manufacturer Takata is expected to file for bankruptcy later this month after suffering one of the biggest product recalls in recent memory. According to Bloomberg, Takata will seek bankruptcy protection in Japan before filing for Chapter 11 bankruptcy in the US. Further evidence of the likely bankruptcy was provided by the fact that Takata’s shares were suspended on…

Anbang chairman reported to be under arrest as China’s corruption crackdown continues

Anbang chairman reported to be under arrest as China’s corruption crackdown continues

Anbang chairman reported to be under arrest as China’s corruption crackdown continues

Embattled Chinese insurer Anbang Insurance Group has been forced to deny the disappearance of its chairman, amid reports that he has been detained by Chinese authorities as part of its continuing anti-corruption drive. A statement from the Beijing-based insurer said Wu Xiaohui “was unable to perform his duties for personal reasons”, adding that “operations were normal” and that he had personally…

Cyber and new regulations push risk management up APAC insurers’ corporate agenda

Cyber and new regulations push risk management up APAC insurers’ corporate agenda

Cyber and new regulations push risk management up APAC insurers’ corporate agenda

New regulatory and reporting requirements along with a widening range of risks such as cyber are helping to expand the role of the CFO within the Asia-Pacific insurance sector. During AM Best’s recent 11th Asian CFO Summit in Hong Kong, a range of senior insurance market figures from the region told the credit rating agency that the rapid rise of…

China Development Bank plays down Moody’s rating downgrade

China Development Bank plays down Moody’s rating downgrade

China Development Bank plays down Moody’s rating downgrade

One of China’s largest bond issuers, the China Development Bank (CBD), has attempted to minimise the effect of the recent cut to China’s sovereign rating from Moody’s credit rating agency. A typical ramification of such a downgrade is that it becomes more expensive for companies and governments to borrow money from the capital markets or to issue bonds. However, the…

India’s VAT reform raises corporate concerns

India’s VAT reform raises corporate concerns

India’s VAT reform raises corporate concerns

A highly anticipated reform of India’s tax regime has failed to impress local economists and manufacturers and is unlikely to produce the economic boost that was hoped, according to a report in the Financial Times. Furthermore, it is unlikely to make it any easier for companies to navigate the country’s convoluted tax regime. India’s prime minister, Narendra Modi, had pledged…

Terror attacks in France and Australia following London atrocity

Terror attacks in France and Australia following London atrocity

Terror attacks in France and Australia following London atrocity

Following the weekend’s terrorist attack in London, further suspected terrorist incidents have been reported in France and Australia. Political risk consultant Verisk Maplecroft has not raised the UK’s terrorism risk rating since the third attack in the country in recent months. The French authorities are investigating a suspected terror attack in Paris on Tuesday. A man, believed to be an…

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