Thursday, January 21, 2021
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Tag: Anbang Insurance

Finance

Ex-Anbang Insurance Chair Sentenced to 18 Years Imprisonment

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Wu XIaohui (吴小晖), the former head of insurance giant Anbang Insurance Group, has received an18 year prison sentence for fraud. On 10 May the Shanghai...
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Banking

Anbang Insurance to Receive $9.7bn Capital Injection Following Government Seizure

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The China Banking and Insurance Regulatory Commission has announced the approval of a massive capital injection for Anbang Insurance Group following the company's government...
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Most Read

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

Fintech CBNEditor - 0
China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Economy CBNEditor - 0
Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...
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Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

Finance CBNEditor - 0
The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...
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Pinduoduo Owner Applies for Payments Trademark

Fintech CBNEditor - 0
A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.
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