The rise and fall of 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 whose Icarus-like fall from grace filled headlines last week, stands as a cautionary tale to regional corporate treasurers about the perils of China’s recent acquisition spree.
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