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Top related persons:
Hui Ka Yan - 1 Xi Jinping - 1 ZHAO WEIGUO - 1 Tsinghua Unigroup - 1 Zhao - 1 Bao - 1 Morgan Stanley - 1 Didi - 1
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China Chinese Guangdong Shanghai Hong Kong Hainan CHINA Beijing
Top related orgs:
HK - 1 Evergrande - 1 TSINGHUA UNIGROUP - 1 Tsinghua University - 1 Tsinghua - 1 OF CHINA - 1 China Renaissance Holdings - 1 Credit Suisse Group - 1

Search resuls for: "Anbang Insurance"


4 mentions found


☆ Evergrande founder joins list of Chinese tycoons investigated, arrested
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +4 min
Following is a list of some other high-profile Chinese executives who have been investigated or arrested under Xi's leadership. BAO FAN, FOUNDER OF CHINA RENAISSANCEThe founder of China Renaissance Holdings (1911.HK) was detained in February and the investment bank said in August he was co-operating with authorities as investigations continued. Wu was arrested in June 2017 amid Beijing’s campaign to curtail big-spending conglomerates as it cracked down on financial risk. YE JIANMING, FOUNDER OF CEFC CHINA ENERGYIn 2017, Ye's CEFC agreed to buy a nearly $9.1 billion stake in Russian oil major Rosneft. A year later, he was investigated for suspected economic crimes and disappeared from public view in March 2018.
Persons: Hui Ka Yan, Xi Jinping, ZHAO WEIGUO, Tsinghua Unigroup, Zhao, Bao, Morgan Stanley, Didi, XIAO JIANHUA, Xiao, CHEN FENG, TAN XIANGDONG, GROUP, Tan, WU XIAOHUI, Wu, JIANMING, Ye's CEFC, magazine's, Kane Wu, Selena Li, Anne Marie Roantree, Miyoung Kim, Lincoln Organizations: HK, Evergrande, TSINGHUA UNIGROUP, Tsinghua University, Tsinghua, OF CHINA, China Renaissance Holdings, Credit Suisse Group, OF, China's Communist Party elite, Reuters, HNA, Hainan Airlines, Deutsche Bank, Hilton Worldwide, Prosecutors, Thomson Locations: China, Chinese, Guangdong, Shanghai, Hong Kong, Hainan, CHINA
☆ Chinese asset manager Zhongzhi says it faces a liquidity crisis, Reuters reports citing meeting video
  + stars: | 2023-08-17 | by ( ) www.cnbc.com   time to read: +2 min
China property investment slid nearly 8% in the first half of the year, official data showed Monday, pointing to a deepening decline in investment for a sector that accounts for about a quarter of the world's second-largest economy. Zhongzhi Enterprise Group on Wednesday told investors it is facing a liquidity crisis and will conduct a debt restructuring, according to video footage of a meeting, as the Chinese asset manager grapples with a deepening property market downturn. Beijing-based Zhongzhi has hired one of the Big Four accounting firms to conduct a comprehensive audit of the firm, and is seeking strategic investors, Zhongzhi management told investors in a meeting on Wednesday, the video seen by Reuters showed. The liquidity stress facing Zhongzhi, which has sizable exposure to real estate, highlights the rippling effect of China's property debt woes. Zhongzhi is facing a "liquidity crisis" and has stopped payment to investors in its products, its management team told investors in the meeting, according to the video.
Persons: Zhongzhi Organizations: Zhongzhi Enterprise, Wednesday, grapples, Big, Reuters, International Trust Co, Anbang Insurance, HNA Group Locations: China, Beijing
☆ Factbox: Chinese business tycoons, executives who disappeared from public view
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +5 min
Following is a list of some other high-profile Chinese executives who have abruptly gone missing from public view in recent years. Three months later, On Nov. 27, the company said Yang had resumed his duties after assisting an investigation in China. Shares and bonds related to CEFC China Energy plunged on the news, which was first reported by Chinese magazine Caixin. Chinese financial regulators in 2020 took over brokerages, trust companies and insurers linked to the group. Reporting by Brenda Goh and Xie Yu; Editing by Sumeet Chatterjee and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
☆ China amends rules for management of insurance bailout funds
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Nov 10 (Reuters) - China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators said on Thursday. The rules aim to promote healthy development of the insurance industry, prevent and resolve financial risks and maintain financial stability, the China Banking and Insurance Regulatory Commission said in a statement on its website. The company operates bailout funds that provide money to rescue policyholders and liquidate troubled insurers. Shareholders and management should also cooperate with authorities in the process of liquidating an insurance company with the support of the funds, the rules said. The new rules also adapt the cap of money that insurance companies should hand on to supplement the funds.
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