Regulator in China seizes control of Anbang as chairman prosecuted

BEIJING/SHANGHAI (Reuters) – The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd [ANBANG.UL], one of China’s biggest insurance conglomerates, in a dramatic move that underscores Beijing’s intent to crackdown on financial risk.

Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>