China regulator approves $9.7b capital injection for Anbang

China regulator approves $9.7b capital injection for Anbang

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

China‘s banking and insurance regulator has approved a 60.8 billion yuan ($9.67 billion) capital injection for Anbang Insurance Group Co Ltd, a government work group said on Wednesday in a statement on the insurer’s website.

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