Beijing tells AIG to suspend sales of certain polocies: China's insurance regulator conducts investigation of U.S. and other foreign companies

Article Abstract:

American International Group Inc. (AIG) has been ordered by China to suspend sales of a range of life insurance products amid an investigation of irregularities in the tightly controlled insurance industry

Life Insurance, Direct Life Insurance Carriers, Laws, regulations and rules, Insurance industry, Life insurance industry, American International Group Inc.

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Beijing steers car market to compete with foreign firms

Article Abstract:

The Chinese government is consolidating its automobile industry so that it may compete with major automobile firms after joining the World Trade Organization. Three main companies: First Automobile Industry Corp., Dongfeng Automotive Group, and Shanghai Automotive Industry Corp. will gain preferential treatment to compete with General Motors Corp. and Ford Co.

Government regulation, Economic Programs, Administration of Economic Programs, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, Membership, General Motors Corp., GM, Market share, Ford Motor Co., Transportation equipment industry, World Trade Organization, F, First Automobile Industry Corp., Dongfeng Automotive Group, Shanghai Automotive Industry Corp.

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Regulators suspend government sales of equity stakes

Article Abstract:

A change in policy stopping sales of state-owned equities sent the Chinese stock market soaring, up almost 10% in the Shanghai and Shenzhen markets, and up more than 4% in Hong Kong. Such a policy reversal has drawbacks, however, in that it will delay the raising of funds for a national pension fund and slow down government reforms for state enterprises.

Public Finance Activities, Public Finance-Total Govt, Stocks, Public finance

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