The Anbang offices in Beijing. Sino-Ocean Land, a company controlled by China Life Insurance, is buying Anbang’s equity stakes in a real estate venture in Beijing. Photo: AP

Sino-Ocean first to swoop on Anbang assets since state takeover

News coincides with founder Wu Xiaohui’s conviction earlier in the day to 18 years in prison with US$1.65b worth of his personal properties confiscated

Topic |   Insurance

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The Anbang offices in Beijing. Sino-Ocean Land, a company controlled by China Life Insurance, is buying Anbang’s equity stakes in a real estate venture in Beijing. Photo: AP
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.