Anbang to keep reins of overseas subsidiaries after government takeover

Anbang to keep reins of overseas subsidiaries after government takeover

FILE PHOTO: The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee/File Photo

Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator’s decision to temporarily take control of the company and remains committed to the development of its overseas subsidiaries.

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