The buyer of the former AIG-backed unit must clear more than 13 million yuan in debt and unpaid wages
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PICC Life Insurance Co. Ltd. Photo: VCG
State insurer absorbs the long-vacant CBD site to secure steady cash flows
The insurer plans to retain the main tower of its Wealth Financial Center while selling two adjacent commercial assets as it…
Some insurers have bought large stakes in banks to exploit an accounting rule, but at the potential cost of real losses later
After a years-long real estate slump, many smaller lenders have found themselves saddled with a portfolio of distressed assets…
A stark industry divide highlights how a relentless low-interest-rate environment is squeezing smaller players
Special sovereign bonds could be used for the first time to bolster insurers’ capital as solvency pressure builds
