New entity created to take over troubled insurer
It has been in state custody for more than two decades
It has been in state custody for more than two decades
If successful, divestments expected to net US$1 billion
Draft regulations seek to protect the market from financial risks, says regulator
Government has been trying to sell the company since 2019
Rules seek to rein in risky practices, following the collapse of major financial firms
Debt-laden group’s restructuring may take months or even years to complete
Company makes large investments in poverty alleviation
The government seized the fallen conglomerate as part of a crackdown on financial risks
Controversial insurance group accused of violating contract stipulations
Among the firm's assets are European insurance companies and several high-profile properties