Beijing opens its finance sector: One domestic industry may be the big winner [CNBC]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: CNBC
Aly Song | Reuters The AIA building in the historic Bund district of Shanghai, China where the company was founded. The Hong Kong-listed company is now the only 100 percent foreign-owned life insurer in China. China shocked the world last week when it suddenly announced it would finally make some moves to open up its financial sector to more ownership from international investors. But it's not just overseas companies that stand to benefit: One important Chinese sector will grow stronger, experts said. Like many parts of China's financial industry, insurance is under scrutiny by Beijing for firms' outsized risk appetite, including the issuance of high-yield, short-term life insurance and other investment products. But those same insurers now stand to be the biggest beneficiary of the new investment rules. That is, with the expectation of more competition and emphasis on best practices, the industry will likely see better products and sta
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MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- MCO's page on the SEC website