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Evergrande’s Insurance Arm Taken Over by New State-Owned Insurer
Published on: 2023-09-18
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China’s financial regulator Friday approved the takeover of the insurance arm of embattled property giant China Evergrande Group by a newly created state-owned insurer.

Haigang Life Insurance Co. Ltd. will assume all of the assets and liabilities of Evergrande Life Assurance Co., the National Administration of Financial Regulation (NAFR) said Friday in a statement.



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