Daily Brief Thematic (Sector/Industry): Ohayo Japan | Another Dow Record; Big Jump in Japan's Corporate Governance Ranking and more

In today’s briefing:

Ohayo Japan | Another Dow Record; Big Jump in Japan’s Corporate Governance Ranking
China Property Developers In Distress – Weekly News & Announcements Tracker | Dec 8-14, 2023
India Life Insurers: IRDAI Proposes Higher Surrender Values (SBILIFE IN/ HDFCLIFE IN/ IPRU IN/ LICI)

Ohayo Japan | Another Dow Record; Big Jump in Japan’s Corporate Governance Ranking

Overseas: SPX +0.26% as treasuries tumbled; Big Tech underperforms; oil +3%
Today: NKY Futs -0.2% v cash. JPY141.9; CVC Capital Acquires Sogo Medical for $1.2bn; Japan Machinery Orders +0.7% MoM; Honda ends production of Honda e.
Japan has climbed from fifth to second place in the Asian Corporate Governance Association (ACGA) biennial CG Watch survey.

A weekly curated selection of Chinese news articles and company announcements focused on developers in distress
We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources

IRDAI has released an exposure draft proposing a substantial reduction in surrender charges on Non-Par Guaranteed Life Insurance Products
The move aims to the remove penalizing surrender charges prevalent on Traditional Savings products with guaranteed RoI; this is the latest of moves aimed to improve policyholder protection
All life insurers are negatively impacted SBI Life Insurance Co Ltd (SBILIFE IN)HDFC Life Insurance (HDFCLIFE IN)ICICI Prudential Life Insurance (IPRU IN)Life Insurance of India (LICI IN)

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