bia06
Listen other's viewpoint avoid conflicts & wars.
Ciao, non riesco ad accedere, puoi copia-incollare?
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3
- Creatore Discussione Joe Silver
- Data di Inizio
darkog
In Hoc Signo Vince..
Otc hai venduto a quel prezzo?
Fabrib
Forumer storico
Contenuto riservato agli iscritti del WSJ. Se a qualcuno fosse possibile renderlo disponibile, l'articolo forse potrebbe rendere più chiara la strategia di Anbang su VIVAT/SRLEV.
By The Wall Street Journal Interactive EditionAug. 23, 2016, 3:28 p.m. EST
Anbang, known for buying the Waldorf Astoria hotel, may reveal more of its opaque structure if the Chinese insurer goes through with plans to list its life insurance unit...Full Story
By The Wall Street Journal Interactive EditionAug. 23, 2016, 3:28 p.m. EST
Anbang, known for buying the Waldorf Astoria hotel, may reveal more of its opaque structure if the Chinese insurer goes through with plans to list its life insurance unit...Full Story
TheLondoner
Forumer storico
Chinese insurer Anbang Insurance Group Co., best known for buying the iconic Waldorf Astoria hotel in New York and for its aborted $14 billion pursuit for Starwood Hotels & Resorts Worldwide Inc. earlier this year, is planning to list its life insurance unit in Hong Kong, according to people familiar with the situation.
The proposed listing could provide more information about its mysterious parent, which has given little disclosure about its backers or its investment strategy.
What We Know
Beijing-based Anbang is one of the largest insurance groups in China and offers both insurance and financial products. It has been on a global buying spree in recent years, paying $1.95 billion to buy the Waldorf Astoria in early 2015, and buying other insurers abroad, including Iowa-based Fidelity & Guaranty Life and the South Korean operationsof Germany’s Allianz SE.
Anbang was founded in 2004 and initially focused on selling car insurance in Ningbo, a city south of Shanghai. It has thousands of branches all over China and has accumulated assets reaching 1.97 trillion yuan ($297 billion) globally, according to its website.
Much of Anbang’s funds come from sales of its wealth-management products, which offer higher returns than bank deposits.
What We Don’t Know
Anbang has an opaque structure and little is known about its backers. Chinese corporate filings show 39 mostly anonymous corporate shareholders, with multiple layers of holding companies registered all around China. Anbang has been accused of having a huge appetite for risk and for taking investments decisions that aren't entirely market-driven.
For its part, Anbang has declined to comment on its investment strategy.
Many industry watchers have attributed Anbang’s fast expansion to the political connections of its chairman Wu Xiaohui. According to local and foreign press reports, he is married to the granddaughter of Deng Xiaoping, once the country’s top leader credited with rolling out economic reforms and is known as the architect of modern China.
Concerns from Chinese Regulators are Rising
While Anbang had initially received government support for its overseas investments, its abrupt pullout during the bidding war for Starwood suggested that authorities may be concerned about the sustainability of Anbang’s debt-fueled growth.
During a panel discussion in March, days before Anbang pulled out of its bid for Starwood, China’s former commerce minister Chen Deming said Anbang shouldn’t use high leverage to acquire overseas assets, adding that “it will leave us with systemic risks.”
China’s insurance regulators also have said they would impose tighter regulation for such issuances, adding that insurers should focus on insurance rather than be a financing platform for its shareholders.
Write to Esther Fung at [email protected]
cpandrea
Forumer storico
no io ho accesso ai mkt tedeschi tramite Flatex
e qualche volta soprattutto sui titoli liquidi (pochi) funziona di mettersi sulla lettera
TheLondoner
Forumer storico
in sostanza, solite elucubrazioni su gigante cinese... chi c'è dietro ? pare ormai chiaro. Vogliono quotare a HK la divisione assicurativa. Fanno paura a tanti. La cartina di tornasole è il bond 9% che resta tonico.
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