China regulators pick CICC, UBS to prepare for Anbang divestments

China regulators pick CICC, UBS to prepare for Anbang divestments

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

China has picked China International Capital Corp. and UBS Group AG to advise on potential disposals of assets owned by Anbang Insurance Group Co., people with knowledge of the matter said.

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