Anbang: lessons for corporate treasurers
Cross-investment in related enterprises, an opaque business model at the mercy of regulators and a netherworld of shadowy financial products, Anbang is a signal lesson in what to avoid in China
Anbang Insurance Group, the Chinese insurance company, stands as a cautionary tale to regional corporate treasurers about the perils of China’s acquisition spree.
Its chairman, Wu Xiaohui, was detained in June by China’s anti-graft authorities. The...
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