Bloomberg Ping An Insurance (Group) Co., China’s largest insurer by market value, is starting preparations for an initial public offering of its OneConnect financial management portal that could raise as much as $3 billion, people with knowledge of the matter said. OneConnect picked Goldman Sachs Group Inc., JPMorgan Chase & Co., CCB International Holdings Ltd. and Ping An Securities Co. ...

Bloomberg China’s high-tech industries are among sectors poised to gain from a fresh round of tax cuts, just as US President Donald Trump weighs tariffs to penalise them. The value-added tax on manufacturing will be cut to 16 percent from 17 percent starting on May 1 while the rate on transportation, construction, and telecommunications services will be lowered to 10 ...

Bloomberg Toyota Motor Corp. and Suzuki Motor Corp. agreed to sell each other’s hybrid cars and other vehicles in India, deepening an alliance between the companies. Toyota will supply the Corolla to Suzuki, which in turn will make the Baleno and Vitara Brezza models available for Toyota, the companies said in a statement. The timing and number of supplied units, ...