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Troubled Anbang

China Troubled Anbang News - Caixin Global

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

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10 16, 2020 18:46 PM

In Depth: China’s Anbang Salvage Operation Runs Aground

Company created to take over a significant portion of the conglomerate’s assets has failed to complete its restructuring on time

09 17, 2020 19:43 PM

Caixin Insight: Shrinking Consumption Becomes a Growing Problem

August economic data, new financial holding company rules, and falling land sales

09 16, 2020 09:20 AM

CX Daily: China’s Troubled Anbang to Disband and Liquidate

Limited talent pool prevents China from achieving chip dream. Alibaba may invest in Grab, and rival Tencent picks Singapore for Asia hub

09 15, 2020 23:00 PM

China Business Digest: WTO Rules in Favor of China in U.S. Tariffs Dispute; Xiaomi Co-Founder Lin Bin Cashes In $1.02 Billion From Stake Sale

Economy continues rebound as consumption in August rises for the first time this year; China and EU agree to speed up investment treaty talks; HK pumps $3.1 billion into economy

09 15, 2020 20:49 PM

Four Things to Know About the Sweeping Regulatory Changes Coming for Financial Holding Companies

Chinese companies that operate financial institutions will be subject to tighter requirements from Nov. 1 as part of campaign to curb financial risks

09 15, 2020 06:22 AM

Anbang to Disband and Liquidate as Restructuring Ends

Former highflyer was a major target in the government’s long-running crackdown on financial risks and set the template for winding down debt-laden conglomerates

09 14, 2020 20:09 PM

China Business Digest: TikTok Partners With Oracle, Walmart as Microsoft Deal Collapses; Anbang Applies to Dissolve and Liquidate

U.S. Ambassador to China Terry Branstad steps down to campaign for Trump; Kai-Fu Lee apologizes for comments suggesting abuse of facial recognition data

09 14, 2020 19:56 PM

China Creates New Rules for Financial Holding Companies, Ant Group Now Included

Slate of new rules aims to fill a dangerous gap in regulations that has allowed some freewheeling financial conglomerates to run up huge debts

08 27, 2020 09:20 AM

CX Daily: China Will Keep 'Normal' Monetary Policy, PBOC Official Says

China's rare earth exports sink to the lowest since January 2015. A private commercial space launch startup raises $174 million

08 26, 2020 04:03 AM

Losses From China’s Overseas Takeover Binge Are Piling Up Fast

Deal-making falls 25% from a year ago as pandemic ravages previous plum takeover targets while tripping up efforts to unwind earlier investments

07 22, 2020 20:25 PM

Five Things to Know About the Dismantling of Xiao Jianhua’s Tomorrow Holding

The seizures of nine companies linked to the conglomerate mark a major step in regulators’ efforts to unravel fallen tycoon’s financial empire

07 20, 2020 19:44 PM

China Banking Watchdog to Levy Biggest Banking Fines in Years

Two banks will each be fined more than 100 million yuan in a sign CBIRC is getting tough on rule breakers

07 17, 2020 21:32 PM

Update: China Seizes Multibillion-Dollar Firms Controlled by Fallen Tycoon

Regulators’ takeover of 9 companies with $171.5 billion of assets continues massive unwinding of Xiao Jianhua’s troubled financial empire

07 03, 2020 23:11 PM

China Business Digest: Services PMI Notches Biggest Expansion in a Decade; Citic Securities, CSC Financial Again Deny Merger Report

Securities commission issues rules covering refinancing on STAR Market; beverage giant Wahaha considers $1 billion IPO, joining the rush to Hong Kong

07 03, 2020 20:24 PM

Government Overhaul of Chengdu Rural Bank Nears Completion

City appoints new party secretary and president after taking control of lender in April

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