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
CX Daily: Exclusive: Billionaire Founder of China Renaissance Goes Missing
Bao Fan, the billionaire founder and chairman of private investment bank China Renaissance, has been out of contact
Chinese Prosecutors’ Indictments of Financial Crimes Jump Nearly 30%
From 2018 to 2022, authorities cracked down on a number of high-profile cases, including those involving the conglomerates Tomorrow Holding and Anbang Insurance
Ex-Insurance Bailout Fund Official Hid Assets Overseas, Beijing’s Probe Shows
A corruption investigation has found that Fu Fei traded favors for gifts and failed to disclose his children’s residency status in Hong Kong
China Revises Rules to Boost Contributions to State Insurance Bailout Fund
On top of mandatory rates, insurance companies will have to pay fees related to their risk levels as authorities beef up the $25.2 billion fund
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
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