Topics
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
China’s Insurance Watchdog Demands Vigilance Against Corrupt Related-Party Deals
Regulator’s branches should closely monitor insurers that were set up by sprawling financial holding firms or by highly leveraged nonfinancial companies
Shanghai Composite Index Rose 0.96% on Friday
Shenzhen Component Index closed up 1.48%
CX Daily: Why Relocating Mainlanders See Singapore as a Safe Haven for Their Businesses and Property
China’s electricity consumption continues to fall. Property developers face imminent deadlines to repay multibillion-dollar debts
Ex-Deputy of Anbang Takeover Task Force Falls Under Graft Probe
Investigators could be potentially looking into Fu Fei’s role in the takeover of financial conglomerate Anbang, sources say
China’s New Financial Stability Fund Raises $9.59 Billion From Big Banks
Systemically important banks make additional payments on top of deposit insurance levies as the government creates another measure for managing financial risks
Five Things to Know About China’s Overarching Financial Stability Law
What’s the law’s purpose, who’s responsible for what, and major concerns over the proposed legislation
Ex-Bank Regulator Kicked Out of Communist Party in Bribery Probe
Li Guorong accepted illegal payments related to Baoshang Bank failure while serving as a senior executive in the bank’s government takeover, graft busters say
Caixin Explains: Why China’s Creating a Financial Security Fund
The move is the latest attempt to ensure stability and prevent risks from indebted institutions deemed ‘too big to fail’ from overflowing into the rest of the financial system
PBOC Accepts First Bid From Private Firm to Set Up Financial Holding Company
Central bank has been reviewing five applications, although Ant Group and Tencent have yet to make their submissions
Shanghai Composite Index Rose 0.36% on Wednesday
Shenzhen Component Index finished nearly flat
China Revises Insurance Group Regulations to Curb Disorderly Expansion
CBIRC orders insurance groups to focus on core insurance business and have a clear equity structure in cleanup following Anbang failure
After String of Scandals, China Tightens Control Over Major Shareholders in Banks, Insurers
New regulations aim to stop big investors using institutions as ATMs to benefit their own businesses
Shanghai Composite Index Fell 0.1% on Thursday
Shenzhen Component Index closed down 0.08%
CX Daily: Talk Of Incentives Doesn’t Entice Investors To Bid On Anbang Assets
China lifts curbs on coal-fired electricity prices. Shenzhen becomes the first Chinese city to sell offshore bonds to foreign investors
Talk of Incentives Doesn’t Entice Investors to Bid on Anbang Assets
An auction for the fallen insurer’s core holdings is stymied again after failing to attract even a single bidder
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