Producers would have to pay to unload oil amid demand slump; Hubei’s Jingzhou tries to restart housing market after Covid-19; China’s governments record steepest revenue drop on record

Xie Shaobo, who monitored the bank’s risk last year for regulators, reports delay in 2018 annual report and estimates a record 2019 profit as Anbang moves to sell its 55.5% stake

Fallen financial giant plans to sell its 55.5% holding in Chengdu Rural Commercial Bank

Chengdu financing vehicle to buy 35% of Chengdu Rural Commercial Bank

Former head of Chengdu Rural Commercial Bank Fu Zuoyong placed under investigation in wake of expulsion of onetime Guizhou vice governor

Offering period for 35% of Chengdu Rural bank expires with no takers as Anbang still faces Feb. 23 deadline for divesting assets

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

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

Supervision by central bank comes after 16-year wait