With the temporary takeover of Anbang Insurance Group Co. by China's government, real estate buyers are eyeing marquee properties from New York to California acquired in a global shopping spree. The insurer, like its fellow Chinese investor...Show More Summary
The Chinese Government has taken control of Anbang Insurance Group The Waldorf Astoria is one of the most famous hotels in the entire world. I’ve had a love affair with the hotel for a couple decades. I think it all started with “Scent...Show More Summary
China’s government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically connected dealmaker... To view the full story, click the title link.
Chinese regulators have taken control of the Anbang Insurance Group, a privately owned Chinese conglomerate that owns New York’s famed Waldorf Astoria, temporarily putting management of the hotel and other high-profile international properties in the hands of the Chinese government. China’s insurance...
The Chinese government on Friday seized control of Anbang Insurance Group, one of China's biggest insurance conglomerates, in a dramatic move that underscores Beijing's intent to crackdown on financial risk... Anbang's chairman and key...Show More Summary
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China’s government is taking over Anbang Insurance Group Co., owner of San Diego’s storied Hotel del Coronado, and will prosecute founder Wu Xiaohui, cementing the downfall of a politically connected deal-maker whose aggressive global expansion came to symbolize the financial overreach of China’s...
``... HNA is not the only company with a global portfolio whose wings are being clipped by the Chinese government's efforts to stymie capital outflows: Dalian Wanda Group and Anbang Insurance Group are also putting properties on the market -- or being asked to, in the latter's case, according to Bloomberg... Show More Summary
HAS CHINA’S RAPID RISE TOPPED OUT? Bloomberg analyzes China’s slowdown — and says the government is responsible for the looming problem. The fall from grace of China’s Anbang Insurance Group Co. Ltd. continues to get steeper. Not long ago, the mysterious firm was chasing one foreign deal after another, becoming a symbol of China’s global […]
China’s crusade against capital outflows and leverage has ensnared some of the nation’s largest property investors, including Anbang Insurance Group Co.—the owner of New... To view the full story, click the title link.
When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China... To view the full story, click the title link.
The Waldorf Astoria New York, once a renowned symbol of luxury on Park Avenue, is being converted to luxury condominiums under its new owners, Chinese insurance giant Anbang Insurance Group. Labor union leaders and city officials in Santa Monica are now worried that the same fate could befall the...
The financial giant Anbang Insurance Group Co. announced Wednesday that its chairman, Wu Xiaohui, was stepping aside temporarily for “personal reasons” and that he had authorized “relevant senior executives to continue running the business.” The announcement, which reportedly spurred a decline...
Anbang Insurance Group Chairman Wu Xiaohui, who was previously reported to have stepped down from running the firm, could be in deeper trouble than previously believed. If the latest reports are correct, Xiaohui is currently detained...Show More Summary
The detention of Wu Xiaohui, the chairman of Anbang Insurance Group, in China comes amid a broader clampdown on insurance products.
The China Insurance Regulatory Commission issued a sweeping warning to the fast-growing insurer and told it to stop selling two of its products.
There's a rumor floating around Chinese social media that Wu Xiaohui, chairman of Anbang Insurance Group, has been detained by authorities in Beijing. Let's note, right away, that Anbang has denied this, and told The Real Deal that business...Show More Summary
One day after Kushner's family confirmed they had ended talks with China's Anbang Insurance Group concerning their interests in 666 Fifth Avenue in New York, a deal that would have netted the Kushner's $400 million in cash, President...Show More Summary
Last week, the family of presidential son-in-law Jared Kushner and China's Anbang Insurance Group announced plans to develop a Zaha Hadid-designed skyscraper at 666 Fifth Avenue in Manhattan. Now, after pressure from just about everyone from Democrats to the Chinese government, the deal was cancelled. Show More Summary
Kushner Companies said it had ended talks to redevelop its flagship New York office tower with Anbang Insurance Group.