Ex-Chairman of China’s Anbang ‘Doesn’t Deserve Leniency,’ Say Prosecutors April 2, 2018 By Bloomberg News Chinese prosecutors said Wu Xiaohui, the former chairman of Anbang Insurance Group Co., doesn’t deserve leniency as the one-day hearing...
China’s Ping An Plans $3B IPO of Financial Management Portal OneConnect: Sources March 29, 2018 By Bloomberg News Ping An Insurance (Group) Co., China’s largest insurer by market value, is starting preparations for an initial public offering of...
Anbang’s Former Chairman Goes on Trial, Accused of Masterminding $10.4B Fraud March 28, 2018 By Bloomberg News A Shanghai court accused former Anbang Insurance Group Co. Chairman Wu Xiaohui of masterminding a 65.2 billion yuan ($10.4 billion)...
China’s ‘Biggest Fiscal Risk Is Pension Risk’ from Aging Population February 6, 2018 By Bloomberg News China’s pension shortfall is emerging as the next big challenge for policy makers as they intensify their years-long campaign to...
China Seeks to Broker Sale of a Stake in Anbang Insurance: Sources January 30, 2018 By Bloomberg News China’s government, which has been probing alleged financial wrongdoing at Anbang Insurance Group Co., is seeking to broker the sale...
China Weighs Merger of Banking, Insurance Regulators: Sources January 26, 2018 By Bloomberg News China is considering a merger of its banking and insurance regulators, people familiar with the matter said, as it seeks...
China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources December 29, 2017 By Bloomberg News Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese...
China’s Ping An Is World’s 2nd Largest Insurer by Market Value After Berkshire November 21, 2017 By Bloomberg News A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market...
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers November 10, 2017 By Bloomberg News China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits...
China Taiping Insurance in Talks to Buy $1.3B Building in Hong Kong: Sources November 8, 2017 By Bloomberg News A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in...