简体中文
Anbang Insurance Group Co. on Tuesday responded to foreign reports which accused it of selling overseas investments amid a tougher financial crackdown, including Waldorf Astoria Hotel purchased in 2014. Anbang answered it has no plan to sell any of its foreign assets.
The insurance company told China's Securities Times its operations are normal, and its cash flows and solvency abilities are also sufficient.
Anbang, one of China's biggest foreign acquirers said it also had not received any requests from authorities to sell any of its foreign assets.
Bloomberg News on Monday quoted sources as saying Chinese authorities have asked Anbang to sell its offshore assets amid tougher scrutiny on big overseas debt-funded deals.
Wu Xiaohui
Wu Xiaohui, chairman of Anbang Insurance Group Co. was detained in June. He has been portrayed as one of China's most aggressive foreign buyers who made remarkable overseas purchases including New York's Waldorf Astoria, Delta Lloyd Bank in Brussels and Tongyang Life Insurance from South Korea.
Chinese magazine Caijing reported in June that Wu had been arrested for investigation, while Anbang responded hours later saying Wu could not perform his duties for "personal reasons," and other higher officials in the company will take over his work.
China's banking regulator, the China Banking Regulatory Commission, ordered a group of commercial banks to assess their exposure to offshore purchases by a handful of acquisitive Chinese corporate groups in June.
Chinese authorities have emphasized on prevention of systematic risk recently. Chinese President Xi Jinping said in a July 15 meeting that prevention of systematic financial risk would be the eternal theme of financial work. He emphasized that prevention and resolving of financial risk should be put in a more important position.
(CGTN)
