Chinese insurance company Anbang Insurance Group Co Ltd, which made headlines in February after it was suddenly taken under government control and its CEO put on trial, is in talks with investment banks on how to manage its extensive asset portfolio. Anbang is in search of a financial adviser to help sell off some its […]
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China’s financial regulators are discussing policy changes that would allow foreign asset managers to raise more funds from mainland Chinese investors to buy overseas securities, Caixin Global reports, as part of China’s heavily-touted march toward financial market liberalization. The changes under consideration would raise quotas outlined in the Qualified Domestic Limited Partnership, a program introduced […]
Sun Zhengcai, the former Party leader of western Chinese megacity Chongqing who was once thought of as a potential candidate for China’s highest political offices, pleaded guilty to accepting $27 million in bribes yesterday at a trial in Tianjin, the South China Morning Post reports. The hearing at the Tianjin First Intermediate People’s Court took […]
Chinese and US officials continued to present sharply contrasting accounts of the state of negotiations over trade between the two sides on Thursday, with China saying that no formal talks have been held and calling American attempts at dialog not sincere, Reuters reports. After President Xi Jinping’s speech to the Boao Forum on Tuesday, in […]
North Korea dominated the headlines this week, with the meeting in Beijing raising all sorts of questions about the relationships and possibilities. It’s hard to draw any conclusions beyond saying the meetings probably short-circuited the prospects of a two-way conversation between Washington and Pyongyang, with China apparently having re-inserted itself into the process. Will Trump […]