Hangzhou-headquartered Sinatay Life Insurance Co Ltd has received the approval from the insurance regulator to increase its capital base to $746 million，the third time for the company since 2015.
Wang Jianlin, China's richest man, is in discussions to acquire control of U.S.-based Dick Clark Productions at a valuation of about $1 billion through his Dalian Wanda Group Co.
The ambitious China-led Belt and Road Initiative is set to turbocharge the use of renminbi in international trade and finance, pumping fresh oxygen into the currency's global outreach.
Profits of Chinese industrial businesses rose 19.5 percent year on year to 534.8 billion yuan (about 80.3 billion U.S. dollars) in August, official data showed Tuesday.
Chinese mainland stocks tumbled to a two-month low on Monday as investors feared about market liquidity being drained by the country's runaway property market, new share sales as well as the monetary authority's intention to curb financial leverage.
China needs to put more effort into resolving rising corporate debts in order to sustain growth in the medium to long run, a senior representative of the International Monetary Fund said on Monday.
For the past eight years, An Jianhua, a 57-year-old from Hunan province, has been troubled by a mysterious, rare ailment: When summer comes, she often sweats on the right side of her body, while the left side remains dry, causing embarrassment and distress.
Zhang Fanyi, a 35-year-old primary school teacher in Shanghai and mother of a five-year-old boy and an infant, recently spent 23,000 yuan ($3,480) on insurance policies for her family.
Chinese insurers are making overseas investments for steady returns and to prevent exchange rate risks, experts said.
China's insurance regulator is strengthening norms to prevent insurers from turning into financing platforms of their major shareholders.