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.

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 a meteoric rise for Wu and Anbang, founded in just 2004. The fall was to be even more swift and dramatic.

On Friday, the Shanghai Prosecution Service formally announced it would prosecute...

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