The Regional Comprehensive Economic Partnership (RCEP) Agreement enters into force today for Australia, Brunei Darussalam, Cambodia, China, Japan, Lao PDR, New Zealand, Singapore, Thailand and Viet Nam, paving the way for the creation of the world’s largest free trade area.
The heavy floods that struck Henan (China) in July has caused insurers to pay out CNY7.74bn ($1.2bn) in compensation and an estimated loss of CNY12.43bn up to the aforementioned date, according to data from the CBIRC.
The number of tropical cyclones forecast to form between 1 April and 30 September this year is above normal, according to Guy Carpenter, the reinsurance broking arm of Marsh McLennan.
The European Union unveiled strict regulations on Wednesday to govern the use of artificial intelligence, a first-of-its-kind policy that outlines how companies and governments can use a technology seen as one of the most significant, but ethically fraught, scientific breakthroughs in recent memory.
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country's carbon neutrality goals.
The staff of the International Monetary Fund has recommended an expansion of the Fund’s emergency reserves by $650 billion, given higher financing needs of its members in the wake of the global pandemic
AXA has announced it will be working with Microsoft to build a digital healthcare platform that seeks to widen the reach of healthcare globally.
The Chinese government's modest growth target of above 6% for 2021 and greater focus on longer-term issues are positive for the sovereign's credit quality, according to a new report from Moody's Investors Service.
Allianz (China) Insurance Holdings has received approval from the country’s banking and insurance regulator to establish a wholly-owned insurance asset management company.
Total piracy incidents in Asia have risen by 17% for 2020, marking the highest level in five years, according to an international watchdog. The number of actual incidents also rose by 32%.