China’s Anbang readies to offload overseas properties worth $10b

Signage for Anbang Insurance Group Co. is displayed atop the entrance to Anbang Financial Center in Beijing, China, on Saturday, Feb. 24, 2018. Photographer: Giulia Marchi/Bloomberg

China’s Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with knowledge of the matter said.

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