Anbang Group has grown from a little-known car insurer founded in Zhejiang province 12 years ago to into a conglomerate with assets worth more than 1 trillion yuan. Photo: AP

Anbang chairman’s close ties to China’s insurance regulator under strain amid setbacks on overseas deals

Anbang’s approach of investment financing first, insurance products second, is a reversal of the traditional way of doing the insurance business – and it has attracted scrutiny from the nation’s regulator

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Anbang Group has grown from a little-known car insurer founded in Zhejiang province 12 years ago to into a conglomerate with assets worth more than 1 trillion yuan. Photo: AP
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