Anbang Insurance Group bought the Waldorf Astoria hotel in New York for a record US$1.95 billion in 2014. Photo: Reuters
Anbang Insurance Group bought the Waldorf Astoria hotel in New York for a record US$1.95 billion in 2014. Photo: Reuters
Yuan
Economy /  China Economy

Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

  • China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves
  • Anbang Insurance Group, Dalian Wanda Group and HNA Group have all been pressured to sell assets amid the trade war with the United States

Karen Yeung
Karen Yeung

Updated: 9:43am, 20 Jun, 2019

Why you can trust SCMP
Anbang Insurance Group bought the Waldorf Astoria hotel in New York for a record US$1.95 billion in 2014. Photo: Reuters
Anbang Insurance Group bought the Waldorf Astoria hotel in New York for a record US$1.95 billion in 2014. Photo: Reuters
READ FULL ARTICLE