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

02 17, 2023 09:55 AM

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

02 16, 2023 18:12 PM

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

01 11, 2023 18:56 PM

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

11 11, 2022 05:17 AM

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

06 20, 2022 20:59 PM

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

06 17, 2022 15:03 PM

Shanghai Composite Index Rose 0.96% on Friday

Shenzhen Component Index closed up 1.48%

06 17, 2022 08:58 AM

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

06 16, 2022 20:36 PM

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

05 18, 2022 07:03 AM

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

04 26, 2022 21:18 PM

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

04 12, 2022 04:57 AM

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

03 08, 2022 20:08 PM

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

02 07, 2022 20:43 PM

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

12 01, 2021 15:03 PM

Shanghai Composite Index Rose 0.36% on Wednesday

Shenzhen Component Index finished nearly flat

12 01, 2021 04:53 AM

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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