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

07 21, 2021 20:47 PM

Five Things to Know About How China Is Tackling ‘Too-Big-to-Fail’

New rules will require financial institutions to write living wills detailing how they will cope in the event of a crisis

07 20, 2021 08:40 AM

CX Daily: The Rocky Path Facing Chinese Companies Tapping U.S. Markets

Tsinghua Unigroup is forced into restructuring under China’s bankruptcy law. The country extends the one-year takeover of nine Tomorrow Holding affiliates. The steel industry is preparing for the nation's carbon neutrality goals

07 17, 2021 20:43 PM

Anbang’s Remains Put Up for Sale With a $5.2 Billion Valuation

Two state-owned firms are looking to sell off nearly 99% of the equity of Dajia, the company created to take over the assets of the scandal-plagued Chinese insurer

07 15, 2021 07:58 AM

Sichuan Financial Regulator Comes Under Graft Probe

Li Guorong, deputy chief of CBIRC’s Sichuan branch, was involved in commission’s campaign to defuse financial risks

07 10, 2021 15:16 PM

Exclusive: China Resumes Hunt for Investors to Take Control of Anbang’s Remains

Six consortiums are in the running to take a stake in Dajia Insurance, the company created to pick up the pieces of the financial conglomerate seized by the state in 2018

06 16, 2021 21:08 PM

Exclusive: Embattled Huarong to Sell Multibillion-Dollar Assets as Rescue Plan Gets Underway

China’s biggest bad-debt manager is offloading non-core assets as it struggles to repay its own mountain of loans

06 07, 2021 21:15 PM

PBOC Considers First Applications for New Financial Holding Company License

Citic Group subsidiary and Everbright apply to become financial holding companies under the tightened central bank rules introduced in September

04 27, 2021 20:11 PM

In Depth: The Rectification and Remaking of Ant Group

Although the worst-case scenario of a breakup has been avoided, Jack Ma’s fintech behemoth will be forced to undergo a major restructuring

03 09, 2021 19:50 PM

Reg Watch No. 3: What You Need to Know About China’s Banking and Insurance Supervisor

Who’s who and what’s what at the China Banking and Insurance Regulatory Commission

02 22, 2021 21:17 PM

Cover Story: HNA Group’s Final Crisis

After surviving SARS, 2008 and years of liquidity crunch, former high-flyer lands in bankruptcy reorganization after pandemic cripples its main travel business

02 08, 2021 20:09 PM

Four Things to Know About Threats to China’s Payment Giants

Alipay and WeChat Pay are the two fintech companies most likely to feel the heat from new regulations for nonbank financial payment institutions

01 30, 2021 02:10 AM

HNA Group Moves Toward Bankruptcy Restructuring Under Mountain of Debt

Working team led by provincial government presses to stabilize the company over the next 2 years and retire debt within 8 years

12 28, 2020 13:47 PM

Latin America Emerges as China’s Favorite Hunting Ground for M&A

Transactions targeting Latin America totaled $7.7 billion this year, more than Europe and North America combined

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

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