A picture of Dajia Insurance Company, renamed from Anbang Insurance, at the company’s head office in Beijing. Photo: WeixinA picture of Dajia Insurance Company, renamed from Anbang Insurance, at the company’s head office in Beijing. Photo: Weixin
A picture of Dajia Insurance Company, renamed from Anbang Insurance, at the company’s head office in Beijing. Photo: Weixin

China’s Anbang Insurance Group applies to formally disband, liquidate after operating for two years under state ward

  • The government took control of Anbang in February 2018 as part of a nationwide campaign to reduce financial risk in the aftermath of a massive asset-buying spree by a handful of private-sector conglomerates
  • Anbang’s ex-chairman, Wu Xiaohui, was sentenced by authorities to 18 years in prison for fundraising fraud and embezzlement

Topic |   Insurance
A picture of Dajia Insurance Company, renamed from Anbang Insurance, at the company’s head office in Beijing. Photo: WeixinA picture of Dajia Insurance Company, renamed from Anbang Insurance, at the company’s head office in Beijing. Photo: Weixin
A picture of Dajia Insurance Company, renamed from Anbang Insurance, at the company’s head office in Beijing. Photo: Weixin
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