Insurance Group Bets Big on Banking and Real Estate – and Pushing Regulatory Limits
(Beijing) – In the capital's central business district south of the iconic CCTV building are two parcels of land busy with construction workers toiling on what is expected to be one of the city's most expensive commercial and residential complexes.
The owner of the land, Anbang Insurance Group (AIG), is a Shenzhen-headquartered private investment conglomerate that few people knew about three years ago. The company's remarkable rise in such a short period of time is largely credited to the chairman Wu Xiaohui's charisma and business acumen – and his apparent success at pushing regulatory limits.
- 1Renowned Stanford Physicist Shoucheng Zhang Dies at 55
- 2Why Former Australian Leader Believes China is About to Outflank Trump on Trade
- 3China: Meng Wanzhou is a Chinese Citizen
- 4Update: Huawei CFO Arrested for Allegedly Violating U.S. Sanctions on Iran
- 5Arrested Huawei Executive Reportedly Linked to Firm That Once Tried to Sell U.S. Goods to Iran
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas