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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

MOST RECENT
10 15, 2021 22:08 PM

After String of Scandals, China Tightens Control Over Major Shareholders in Banks, Insurers

New regulations aim to stop big investors using institutions as ATMs to benefit their own businesses

10 14, 2021 15:03 PM

Shanghai Composite Index Fell 0.1% on Thursday

Shenzhen Component Index closed down 0.08%

10 14, 2021 09:34 AM

CX Daily: Talk Of Incentives Doesn’t Entice Investors To Bid On Anbang Assets

China lifts curbs on coal-fired electricity prices. Shenzhen becomes the first Chinese city to sell offshore bonds to foreign investors

10 13, 2021 20:48 PM

Talk of Incentives Doesn’t Entice Investors to Bid on Anbang Assets

An auction for the fallen insurer’s core holdings is stymied again after failing to attract even a single bidder

09 28, 2021 18:21 PM

Ex-Regulator Accused of Taking Bribes While Overseeing State Takeover of Bank

Li Guorong misused his power when acting as a senior executive supervising the takeover of Baoshang Bank, China’s top graft-buster says

09 23, 2021 16:47 PM

China Oceanwide Struggles to Save U.S. Deals as Evergrande Sways

Another big Chinese property developer is also facing a ticking clock, tied to projects in Manhattan, Los Angeles and Hawaii

09 04, 2021 04:53 AM

JD.com Unit to Take Over China Logistics in $2.1 Billion Deal

Transaction reflects intensifying competition as China’s transition to e-commerce accelerates amid the pandemic

09 03, 2021 23:46 PM

In Depth: State Giant Citic Throws Stricken Huarong a Lifeline

China’s second-biggest financial holding company is leading a bid to pull bad bank back from the brink

08 23, 2021 21:53 PM

Sale of Fallen Anbang’s Core Assets Delayed as Potential Bidders Drop Out

The auction of a 99% stake in Dajia, which holds the former insurance conglomerate’s core assets, has been pushed back by two weeks

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

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