Financial regulation

TAT Technologies Announces Proposed Private Placement to Israeli Institutional and Accredited Investors

Retrieved on: 
Friday, December 15, 2023
Sale, Hamas, Bank, Security (finance), Annual report, Hezbollah, Financial regulation, Placement, Person, Common stock, Regulation, Private, Private placement, TAT Technologies, Share (finance)

The Company is expected to issue and sell to the Investors an aggregate of 1,158,600 Ordinary Shares (the "Shares"), for a purchase price of NIS 31.70 per Share (approximately $8.60 per Share*).

Key Points: 
  • The Company is expected to issue and sell to the Investors an aggregate of 1,158,600 Ordinary Shares (the "Shares"), for a purchase price of NIS 31.70 per Share (approximately $8.60 per Share*).
  • The newly issued Shares are expected to represent approximately 11.5% of the Company's issued and outstanding Ordinary Shares after the consummation of such sale.
  • The closing of the transaction is subject to customary closing conditions and is expected to be completed by December 31, 2023.
  • * Calculated based on the exchange rate of $1.00:NIS 3.685, as published by the Bank of Israel on December 14, 2023.

The Tel Aviv Stock Exchange (TASE) update regarding the Plan for the Sale of the Arrangement Shares and the Distribution of a Special Dividend

Retrieved on: 
Thursday, December 14, 2023
Sale, Policy, Periodicity, House, Financial regulation, Australian securities law, TEL, Business, TASE, Holding company

TEL AVIV, Israel, Dec. 14, 2023 /PRNewswire/ -- Further to section 1.3.1 of the Description of the Company's Business chapter, which is included in TASE's periodic report for 2022, published on March 28, 2023 (reference no.

Key Points: 
  • TEL AVIV, Israel, Dec. 14, 2023 /PRNewswire/ -- Further to section 1.3.1 of the Description of the Company's Business chapter, which is included in TASE's periodic report for 2022, published on March 28, 2023 (reference no.
  • 63 of the Securities Law.
  • This plan will conclude the disputes between TASE and part of the aforesaid TASE members concerning their holdings of the TASE shares and their rights for dividends and the resolution of TASE on the discontinuance of TASE's dividend policy and the adoption and execution of the buyback plans.
  • The consideration that would be transferred to TASE as a result of the plan will be used for investment in technological infrastructure of TASE in accordance with the provisions of Amendment No.

CGTN: China pledges to expand financial openness as economy grows

Retrieved on: 
Wednesday, November 8, 2023
Bank of China, Insurance, Cooperation, Pan, China Securities Regulatory Commission, Financial regulation, Bank, National government, Drug, Renewable energy

BEIJING, Nov. 8, 2023 /PRNewswire/ -- China's financial regulators on Wednesday pledged to expand high-level financial openness to attract more foreign investment at the opening ceremony of the 2023 Financial Street Forum in Beijing.

Key Points: 
  • BEIJING, Nov. 8, 2023 /PRNewswire/ -- China's financial regulators on Wednesday pledged to expand high-level financial openness to attract more foreign investment at the opening ceremony of the 2023 Financial Street Forum in Beijing.
  • This year's forum, themed "Better China, Better World: Enhancing Financial Openness and Cooperation for Shared Growth and Mutual Benefits," will last till Friday.
  • Li Yunze, director of the National Administration of Financial Regulation, said the country will continue to open up the financial sector, and attract more foreign financial institutions and long-term capital to China.
  • In recent years, China has taken a number of steps to open up its financial sector.

CGTN: China pledges to expand financial openness as economy grows

Retrieved on: 
Wednesday, November 8, 2023
Bank of China, Insurance, Cooperation, Pan, China Securities Regulatory Commission, Financial regulation, Bank, National government, Multimedia, Drug, Renewable energy

BEIJING, Nov. 8, 2023 /PRNewswire/ -- China's financial regulators on Wednesday pledged to expand high-level financial openness to attract more foreign investment at the opening ceremony of the 2023 Financial Street Forum in Beijing.

Key Points: 
  • BEIJING, Nov. 8, 2023 /PRNewswire/ -- China's financial regulators on Wednesday pledged to expand high-level financial openness to attract more foreign investment at the opening ceremony of the 2023 Financial Street Forum in Beijing.
  • This year's forum, themed "Better China, Better World: Enhancing Financial Openness and Cooperation for Shared Growth and Mutual Benefits," will last till Friday.
  • Li Yunze, director of the National Administration of Financial Regulation, said the country will continue to open up the financial sector, and attract more foreign financial institutions and long-term capital to China.
  • In recent years, China has taken a number of steps to open up its financial sector.

Xinhua Silk Road: Annual Conference of Financial Street Forum 2023 to be held during Nov. 8-10 in Beijing

Retrieved on: 
Friday, November 3, 2023
Foreign exchange market, Bank, National government, State Administration of Foreign Exchange, Property Owned by the Central People's Government in the Hong Kong Special Administrative Region, Conference, Financial regulation, Xinhua News Agency, Bank of China, Beijing Financial Street, Economic development, China Securities Regulatory Commission, Cryptocurrency

BEIJING, Nov. 3, 2023 /PRNewswire/ -- The Annual Conference of Financial Street Forum 2023 will kick off on November 8 in Beijing, with the focus on strengthening financial openness and cooperation as well as promoting economic sharing and win-win results.

Key Points: 
  • BEIJING, Nov. 3, 2023 /PRNewswire/ -- The Annual Conference of Financial Street Forum 2023 will kick off on November 8 in Beijing, with the focus on strengthening financial openness and cooperation as well as promoting economic sharing and win-win results.
  • The three-day event will invite more than 400 guests from over 30 countries and regions around the world to discuss and exchange views on current economic and financial hot topics, and on how to empower world economic development through financial cooperation, according to a press conference held on Wednesday.
  • The Financial Street Forum has been successfully held for 11 sessions since 2012.
  • From 2020, the annual conference of Financial Street Forum has been upgraded to a national and international professional forum, becoming an important platform for openness and development.

CPIC: Harvesting Success in Insurance Services for the Greater Bay Area, Successful Hosting of the 2023 Greater Bay Area Customer Festival Press Conference

Retrieved on: 
Thursday, November 2, 2023
Science, CPIC, San Francisco Bay Area, Insurance, Consumer protection, Policy, Health, National government, Life, China Pacific Insurance Company, Work, Conference, Financial regulation, Product-service system, Guangdong–Hong Kong–Macao Greater Bay Area, Farmer, Future, Happiness, Agriculture

The press conference, themed "May the Future of the Greater Bay Area as You Wish" brought together representatives from government departments, China Pacific Insurance Group and its subsidiaries, as well as important clients from the Greater Bay Area, with a total attendance of over 400 people.

Key Points: 
  • The press conference, themed "May the Future of the Greater Bay Area as You Wish" brought together representatives from government departments, China Pacific Insurance Group and its subsidiaries, as well as important clients from the Greater Bay Area, with a total attendance of over 400 people.
  • The event was unprecedented in terms of both its scale and number of attendees.
  • CPIC Life is committed to building a "Product + Service" system in the Greater Bay Area, providing customers with risk protection solutions throughout their life cycle.
  • Additionally, health screening devices, health knowledge lectures and services were provided, offering customers even higher-quality and more comprehensive services.

Blue Cross Blue Shield of Michigan and Blue Cross Blue Shield of Vermont affiliation approved by Vermont regulator - the Department of Financial Regulation

Retrieved on: 
Wednesday, October 11, 2023
Vermont Department of Health, Organization, Health, Blue Cross Blue Shield Association, Financial regulation, Blue, Tourism

DETROIT, Oct. 11, 2023 /PRNewswire/ -- Blue Cross Blue Shield of Michigan and Blue Cross Blue Shield of Vermont today received formal approval from the Vermont Department of Financial Regulation to affiliate and work together across both companies. The affiliation enables both organizations to begin sharing resources and expertise to broaden health plan and service offerings available through Blue Cross Blue Shield of Vermont.

Key Points: 
  • Pioneering model of collaboration helps nonprofit Blue Plans share resources, expertise
    DETROIT, Oct. 11, 2023 /PRNewswire/ -- Blue Cross Blue Shield of Michigan and Blue Cross Blue Shield of Vermont today received formal approval from the Vermont Department of Financial Regulation to affiliate and work together across both companies.
  • The affiliation enables both organizations to begin sharing resources and expertise to broaden health plan and service offerings available through Blue Cross Blue Shield of Vermont.
  • "We are pleased to partner with Blue Cross Blue Shield of Vermont to launch this pioneering approach to collaboration between nonprofit Blue companies," said Daniel J. Loepp, president and CEO of Blue Cross Blue Shield of Michigan.
  • "Blue Cross Blue Shield of Vermont has been a trusted, mission-driven nonprofit organization for more than 40 years," said Don George, president and CEO of Blue Cross Blue Shield of Vermont.

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Topa Insurance Company and Dorchester Insurance Company, Ltd.

Retrieved on: 
Thursday, September 28, 2023
Consulting, Professional Services, Insurance, Finance, Good, AM Best, ALL, California Department, Risk management, Rhode Island Department of Education, Credit, California Department of Insurance, AM, Financial regulation, News, Credit rating agency, Security (finance)

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands).

Key Points: 
  • AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands).
  • These companies, which collectively are referred to as Topa Insurance Group (Topa), are wholly owned subsidiaries of Topa Equities, Ltd.
  • Topa Equities, Ltd. is the parent company of Topa Insurance Company and its subsidiary, Dorchester Insurance Company, Ltd. Topa Equities, Ltd. will retain a minority common equity stake in the business.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

ZOOZ Power announces first site in the US, where fast-charging for EVs is supported by the ZOOZTER™-100

Retrieved on: 
Tuesday, September 12, 2023
Scotchman, EV, LaGuardia Airport, Financial regulation, New York Power Authority, Risk, SAT, ABM, EVS, TEL, Vehicle registration plates of Nepal, Pilot Project on Children used by adults in the commission of crime, TASE, Timeline of reactions to the Hong Kong national security law (June 2021), Better Place (company), Rail transport, Aircraft pilot

ZOOZ Power and its partners have successfully completed the Site Acceptance Tests (SAT) on Thursday, September 7th, 2023, and a run-in period of several weeks began.

Key Points: 
  • ZOOZ Power and its partners have successfully completed the Site Acceptance Tests (SAT) on Thursday, September 7th, 2023, and a run-in period of several weeks began.
  • This is a significant milestone as we accelerate our penetration into the U.S. market.
  • We recently announced a pilot installation at New York's LaGuardia Airport and additional pilot projects with the New York Power Authority and a large car rental agency.
  • Our collaboration with reputable large-scale U.S.-based companies strengthens our position as the industry's trailblazer."

China Life Insurance Company Limited Change of President

Retrieved on: 
Friday, August 4, 2023
Faculty, China Life Insurance Company, Institute and Faculty of Actuaries, Chinese Communist Party Committee Secretary, Central University, FIA, Shanghai Jiao Tong University, Central China, Government Actuary's Department, Supervisory board, Central University of Finance and Economics, Economics, Strategy, FCAA, SSE, Asset, Liability, EMBA, Tsinghua University, Financial regulation, Responsibility, NYSE, LFC, State Council, National government, Management

BEIJING, Aug. 4, 2023 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; SSE: 601628; HKSE: 2628) announced today that due to the adjustment of work arrangements, Mr. Zhao Peng tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on August 4, 2023, which took effect on the same day.

Key Points: 
  • BEIJING, Aug. 4, 2023 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; SSE: 601628; HKSE: 2628) announced today that due to the adjustment of work arrangements, Mr. Zhao Peng tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on August 4, 2023, which took effect on the same day.
  • The Company would like to express its gratitude to Mr. Zhao Peng for his contribution to the Company during his tenure of service.
  • The Company further announced that at the twenty-seventh meeting of the seventh session of the Board of the Company held on August 4, 2023, Mr. Li Mingguang has been appointed as the President of the Company and his qualification as the President of the Company is subject to the approval of the National Administration of Financial Regulation.
  • He was the Chief Actuary of China Life Pension Company Limited and a Director of China Life Asset Management Company Limited.