Once a step away from controlling China’s largest property developer, Baoneng Group’s Foresea Insurance is now on the brink of default, according to an account in the FT today. Also in the news, Blackstone warns of an end to a… Read More>>
Evergrande Insurance Banned From Buying Shares Following Blitz on Vanke
China’s insurance regulator announced on Friday that it has suspended Evergrande Life, the insurance subsidiary of billionaire property developer Xu Jiayin’s China Evergrande Group from investing in the nation’s stock markets.
In a statement published on the China Insurance Regulatory… Read More>>
Anbang Invests $1B in Sino-Ocean as Insurers Raise Stakes in Mainland Developers
China’s insurance giants have featured in news of overseas real estate acquisitions this year, but now appear to be raising their investments in the mainland’s property market as well.
During the past week Anbang Insurance, which became famous internationally for… Read More>>