Anbang Group is a casualty of Beijing’s crackdown on a corporate splurge on overseas assets that was once encouraged. Photo: Reuters

Government takeover of Anbang Group breaks new ground

To head off a corporate collapse that could have knocked confidence in China’s economy, the state has effectively gone into the insolvency business, with regulators taking charge of the insurance and investment conglomerate while it restructures

Topic |   China economy

TOP PICKS

Anbang Group is a casualty of Beijing’s crackdown on a corporate splurge on overseas assets that was once encouraged. Photo: Reuters
READ FULL ARTICLE