Dec 13, 2013 05:37 PM

Anbang Raises Stake in Merchants Bank

By staff reporter Wang Shenlu

(Beijing) – A Shenzhen-based insurance company has been brought into the spotlight after making a record-setting purchase of China Merchants Bank (CMB)'s shares in a block trade this week.

The insurance company, Anbang Property & Casualty Insurance Co., is not publicly traded. Its latest available financial statement shows its total assets under 90 billion yuan as of December 31, 2012.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR