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

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

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 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

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