The Financial Times leads it’s China business coverage with Wal-Mart’s green push into China. The world’s largest retailer is to convene a meeting in October involving around 1,000 Chinese suppliers to set out goals for significant reductions in the environmental impact of its vast supply chain. Blu Skye, an environmental consultancy, is as...

Asset and property tax likely, China Reinsurance recapitalized
Mainland home furnishing market grows

China Reinsurance (Group) Company is planning listings on both the Hong Kong and Shanghai bourses next year after a capital injection from Central Huijin Investment Co. Ltd, Forbes reported, citing China Daily.

Chinese government is expected to inject up to 10 billion yuan (1.25 billion US dollars) into China Reinsurance, the country's top reinsurer, to help it compete with foreign rivals, Reuters reported, citing market sources.

Ping An Insurance Co., part-owned by banking group HSBC, said its first-half net profit rose 83 percent, boosted by higher gross premium, The Wall Street Journal reported.

As the first sector opened up to the world upon the entrance to the WTO, foreign participation and investment in the insurance sector has increased cooperation and provided more options to consumers, Sohu News reported.

Insurance Association of China plans to redefine terms and conditions of health insurance for major diseases to solve the contradictions in existing insurance policies and increase professionalism, Market Daily reported.

China Reinsurance Group has reached 125.69 million Yuan in business revenue for the first half of 2006, which is a 12.8% increase from the same time last year. The Group’s total property reaches 297.65 million Yuan, which is a historical high and a 7.67% increase from the same time last year.