What now for Anbang? Painful breakup, private investment likely

Following regulators’ takeover, private investors are likely to pick apart the chastened insurance firm.

What now for Anbang? Painful breakup, private investment likely

Private investors are running their slide rules over Anbang Insurance Group in the hopes of picking up a bargain, but they should be aware some assets will be put on the block faster than others.

The China Insurance Regulatory Commission CIRC and other regulators, said on February 23 that they would formally take control of Anbang with immediate effect until February 22 next year. The insurance watchdog said authorities were holding the former Anbang chairman...

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