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
Court suspends Wu Xiaohui's political rights for four years, confiscates $1.7 billion
Anbang’s Takeover Group Leader Nominated as Chairman of Successor Dajia
As regulator-driven restructuring of debt-ridden Anbang winds down, authorities move to convert takeover group into legal management of newly created Dajia Insurance
China Business Digest: South Korea Sees New Covid-19 Spike; Chinese Mainland Reports No New Cases
Premier says Covid-19 relief funds should go to companies and individuals in need; China has ‘positive and open attitude’ toward joining CPTPP
Panama Shipper Seeks to Wind Up Debt-Ridden HNA Group, Again
Hong Kong court petition adds to woes of a former high-flying conglomerate facing a pandemic-driven cash crunch while buried under a mountain of debt
Bank of China Executive Gao Yingxin May Lead China Minsheng Banking
Gao departs from Bank of China’s Hong Kong unit as of Monday, signaling a move that could ease tensions among Minsheng management, shareholders and banking regulators, insiders say
China’s Dajia Wins Fast-Track Trial for Suit Over Failed U.S. Hotel Deal
Dajia said it has satisfied all terms of the sale. But Mirae cited a myriad of reasons why it can’t close, including hotel shutdowns caused by the Covid-19 virus
Anbang Unit Sues Mirae to Complete $5.8 Billion Hotel Deal
Beijing-based insurer sues South Korean firm over deal to purchase portfolio of U.S. luxury hotels
China Business Digest: U.S. Crude Crashes Below Zero; Shenzhen Checks Business Relief Loans Used to Buy Houses
Producers would have to pay to unload oil amid demand slump; Hubei’s Jingzhou tries to restart housing market after Covid-19; China’s governments record steepest revenue drop on record
Financial Giant Anbang to Sell Rural Bank Back to Local Government
Chengdu government to regain control of lender once deal is sealed
Caixin China Biz Roundup: Investigation Special — How China’s Regulators Dismantled a Financial Empire
This special edition focuses on the state's two-year takeover of Anbang Insurance, whose debt-fueled expansion triggered concerns about the threats it posed to the stability of the financial system.The episode reveals how regulators strived to clear up the financial mess and turn the rest of the company into a viable business
In Depth: How China’s Regulators Dismantled a Financial Empire
Anbang Insurance, brought down by the hubris of its founder, Wu Xiaohui, has undergone radical surgery and is now ready for a new life under new management
HNA’s Home Province Forms Working Group to Lead Rescue
Group will be led by senior official Gu Gang, chairman of Hainan Development Holdings, coordinator of big projects on the island province
China to Manage HNA’s Debt as Virus Pushes Group Over the Edge
Hainan government appoints executive chairman for company after renewed focus on aviation and tourism ahead of coronavirus outbreak spelt doom for corporate giant
Regulator Ends Two-Year Takeover of Fallen Anbang Insurance
China Banking and Insurance Regulatory Commission now screening several potential investors for newly created Dajia Insurance Group
Troubled Regional Bank’s Future Could Hinge on a Shareholder Vote
Huishang Bank will soon hold a shareholder meeting to decide whether to purchase part of Baoshang Bank’s assets as part of an ambitious rescue plan
Exclusive: In Wake of Baoshang Bank’s Collapse, Regional Lender Comes to the Rescue
Huishang Bank plans to help capitalize a new lender that will take over Baoshang Bank's problematic assets
Sign in with Google
Sign in with Facebook
Sign in with 财新