The logo of the Anbang Insurance Group is seen on the company’s offices in Beijing in May 2018. Photo: AP The logo of the Anbang Insurance Group is seen on the company’s offices in Beijing in May 2018. Photo: AP
The logo of the Anbang Insurance Group is seen on the company’s offices in Beijing in May 2018. Photo: AP

Fallen Chinese giant Anbang Insurance sells remaining stake in Chengdu bank as asset disposal continues

  • Anbang has now sold its 55.5 per cent stake in Chengdu Rural Commercial Bank to three local state-owned companies
  • The Chinese government took control of the fallen conglomerate two years ago as part of a crackdown on the highly-leveraged buying sprees of several private companies

Topic |   Financial regulation
The logo of the Anbang Insurance Group is seen on the company’s offices in Beijing in May 2018. Photo: AP The logo of the Anbang Insurance Group is seen on the company’s offices in Beijing in May 2018. Photo: AP
The logo of the Anbang Insurance Group is seen on the company’s offices in Beijing in May 2018. Photo: AP
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