Tianan Insurance exploring stakes sale

Tianan Insurance is holding talks with foreign investors to sell some of its stakes, state media reported, citing an unnamed Tianan executive who declined to identify the companies involved. If consummated, the sell-off could give investors access to US$1.5trn in personal savings. Tianan is currently in a joint venture with US-based John Hancock Financial Services and is looking to raise more capital by selling US$52m in subordinated bonds, the executive said.