Decision marks a milestone in the years-long process of managing the insurer’s collapse, but offloading remaining assets is still a headache

Transaction represents one of the final steps in unwinding assets of defunct Anbang Insurance Group

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

Company created to take over a significant portion of the conglomerate’s assets has failed to complete its restructuring on time

Former highflyer was a major target in the government’s long-running crackdown on financial risks and set the template for winding down debt-laden conglomerates

City appoints new party secretary and president after taking control of lender in April

Beijing-based insurer sues South Korean firm over deal to purchase portfolio of U.S. luxury hotels

Chengdu government to regain control of lender once deal is sealed

Anbang Insurance, brought down by the hubris of its founder, Wu Xiaohui, has undergone radical surgery and is now ready for a new life under new management

Proposed divestiture of Zheshang Bank shares continues government’s unwinding of Anbang’s assets following founder’s conviction for fraud and embezzlement

Plus, China passes cryptography law, Huawei gets U.K., Portugal nod, pig production could bottom out, and Caixin best at 10

Anbang will be barred from taking on new insurance contracts, though it will be responsible for its existing policyholders

Most of insurer’s businesses will be moved into a new company called Dajia Baoxian, sources said

If sale of Hexie Health Insurance goes ahead, it would be troubled firm’s first major disposal of a local asset

Multiple public and private enterprises are said to be interested in embattled financial conglomerate’s 35% holding in Chengdu Rural Commercial Bank

Troubled insurer, now under government control, sells stake in unprofitable Century Securities for at least $530 million

Potential buyers include local state-owned companies, e-commerce giant Alibaba, automaker Geely

Debt-ridden insurance conglomerate reshuffles assets among subsidiaries under government supervision