The Chinese government took control of high-flying Anbang in February 2018, as part of a sweeping campaign to reduce financial risk in the aftermath of a massive asset-buying spree by a handful of private-sector conglomerates.
BEIJING: China's banking and insurance regulator said on Saturday it had finished running Anbang Insurance Group, and the revamped entity Dajia Insurance Group was close to a decision on introducing a batch of strategic investors.
The Chinese government took control of high-flying Anbang in February 2018, as part of a sweeping campaign to reduce financial risk in the aftermath of a massive asset-buying spree by a handful of private-sector conglomerates.
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