Thursday, April 15, 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

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

Economy CBNEditor - 0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Banking CBNEditor - 0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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