安邦保险

China insurance regulator sends inspectors to Anbang

Anbang Insurance Group and local competitors are being examined by China's insurance regulator as concerns grow about the sector’s aggressive investment policies. 

The order to inspect Anbang, along with Shenzhen-based Funde Sino Life Insurance and at least one other group comes from the highest echelons of the central government, according to a person with close ties to Beijing. 

Anbang has been on an overseas acquisition spree that includes the $2bn purchase of New York’s Waldorf Astoria hotel, a $6.5bn deal to buy Strategic Hotels & Resorts and an unsuccessful $14bn bid for Starwood Hotels & Resorts.

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