Trial of Anbang’s former chairman starts in Shanghai

SHANGHAI/BEIJING (Reuters ... as Beijing cracks down on big-spending conglomerates and financial risk. Anbang had been one of the most aggressive investors behind a wave of overseas acquisitions by Chinese firms that have attracted the attention of ... ( read original story ...)

Former Anbang Insurance Group chairman put on trial in Shanghai

According to a statement released by the Shanghai No.1 Intermediate People's Court on Wednesday ... The statement declares that Wu submitted false financial reports and other inaccurate material concerning his investment insurance products to the regulator ... ( read original story ...)

Chinese banking majors deliver improved 2017 earnings

a senior researcher at Bank of Communications in Shanghai. She said the three majors are now benefiting from stronger deposit bases and lower savings costs, allowing them to ramp up lending yields, noting that the improving profit levels have also helped ... ( read original story ...)