China: ANBANG SALES RISE 5X IN JUNE DESPITE CHINA INSURANCE CRACKDOWN

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Beijing-based Anbang Insurance, which failed in a $14 billion bid to buy Starwood Hotels and Resorts this year, continued to draw attention in China’s financial world this month after new figures showed that the company controlled by entrepreneur Wu Xiaohui nearly quintupled its premium income in June, compared to the same month last year.

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Source : China: ANBANG SALES RISE 5X IN JUNE DESPITE CHINA INSURANCE CRACKDOWN