Why Anbang's fall reassures, not scares, investors

Chinese insurer's downfall serves as a reminder not to flout regulators' wishes. Don't expect the crackdown on this "financial predator" to set a precedent.

Why Anbang's fall reassures, not scares, investors

What a difference 18 months make.

In November 2016, Chinese insurance maestro Wu Xiaohui was sharing a meal with Jared Kushner, son-in-law of US president-to-be Donald Trump.

The two would've had plenty to talk about. Wu's Anbang had made a massive splash in the New York real estate world, where Kushner was also a big player, with the $1.95 billion purchase of the plush Waldorf Astoria Hotel.

It capped...

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