Anbang Insurance Goes Under Government Control

Posted on 02/23/2018


Is this the first shoe to drop in China’s great unwinding? The China Insurance Regulatory Commission (CIRC) seized control of Anbang Insurance Group and plans to take control of it for a period of one year, effective February 23, 2018. CIRC conducted the move to protect consumer interests as Anbang’s practices were viewed to endanger […]