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International

China considers selling stake in local insurer

November 08, 2019 Reprints

Government-controlled industry body China Insurance Security Fund Co. Ltd. is in talks to sell a part or all of its 98.2% stake in local insurer Dajia Insurance Group, Asia Insurance Review reported citing Financial Times. Dajia Insurance was formed in June to take over the assets and operations of financially troubled Anbang Group that was taken over by the state in February 2018.

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China considers selling stake in local insurer

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