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Troubled Anbang
Former high-flying insurer Anbang is suffering under a pile of debt after a global buying spree that included New York's storied Waldorf Astoria hotel.
An Era Ends at Anbang as Founder Sentenced to Prison
Anbang to Disband and Liquidate as Restructuring Ends
Exclusive: HNA Co-Founder Jailed as Curtain Falls on Debt-Fueled Empire
Chen Feng gets 12 years for embezzlement and fraud, closing the book on one of China’s most aggressive global acquirers
CX Daily: Key Challenges China’s Next Five-Year Plan Needs to Tackle
The U.S. lifts export controls on semiconductor design software to China. China’s services growth slows, Caixin PMI shows.
Dajia Insurance Closes Book on Anbang’s Global Empire With Final Asset Sales
Final disposals include two South Korean life insurers and Belgium’s Nagelmackers Bank
CX Briefing: U.S. Strikes Trade Deal With Vietnam
Also in today’s rundown: Dajia Insurance offloads last of failed insurer Anbang’s overseas financial assets, Premier Li Qiang to attend BRICS Summit in Brazil
Finance Movers and Shakers: China Renaissance’s New CEO, Ex-Bank of China Chair’s Death Sentence
Highlights of the past few weeks also include: CIC has a new chairman, ICBC-backed insurer’s vice president falls under graft probe
Shanghai Composite Index Rose 0.23% on Tuesday
Shenzhen Component Index closed up 0.82%
CX Daily: China Moves to Raise Retirement Age to Bolster Workforce, Ease Pension Pressure
China services activity growth bounces back from an eight-month low, Caixin PMI shows. Li Auto retakes EV sales top spot from Huawei. Plus, Tsung-Dao Lee dies at 97
Anbang Insurance Gets Green Light to Start Bankruptcy Proceedings
Decision marks a milestone in the years-long process of managing the insurer’s collapse, but offloading remaining assets is still a headache
China’s Insurance, Trust Bailout Funds Operators to Get New Chiefs
The two state-backed companies have played a key role in helping the industries navigate tightened regulations in the past few years
CX Daily: School’s Out for China’s Rural Students as Classrooms Close
China’s manufacturing growth hits three-year peak, Caixin PMI shows. Anbang’s rescuer seeks to sell off its annuity unit. Zhongzhi and 247 affiliated firms face a consolidated liquidation
Anbang’s Rescuer Seeks to Sell Off Annuity Unit
The sale would help Dajia Insurance’s controlling shareholder exit its investment
CX Daily: Insurer Set Up to Rescue Anbang Fills Long-Vacant General Manager Post, Sources Say
China and Serbia will advance cooperation in transportation and energy infrastructure areas. China opposes U.S. decision to revoke more export licenses to Huawei
Insurer Set Up to Rescue Anbang Fills Long-Vacant General Manager Post, Sources Say
Dajia Insurance Supervisory Board Chairman Sun Xianliang will fill the vacancy left by Xu Jinghui, who resigned in 2021
Weekend Long Read: Don’t Let a Crisis Go to Waste
Only through a deep understanding of economic and financial crises can we resolve them and turn them into opportunities
CX Daily: China’s Challenge To Fill The Multibillion-Dollar Insurance Blackhole
China issues stringent rules to tighten listing controls and tackle financial fraud. Huawei’s smart car boss predicts the unit will turn a profit this year. Plus, a former president of a top Beijing hospital is taken away by corruption investigators.
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