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China asks banks to suspend dealings with Anbang - Bloomberg

Reuters  |  BEIJING 

BEIJING (Reuters) - Chinese authorities have asked banks to suspend business dealings with Anbang Insurance Group, Bloomberg reported on Thursday, a day after the insurer said its chairman had stepped aside, amid reports he had been detained.The Bloomberg report cited an unnamed source and did not give details on what type of business dealings authorities asked banks to suspend with Anbang.A spokesman for the insurer said Anbang Insurance Group's products are still being sold through bank channels.Anbang, one of China's most aggressive buyers of overseas assets, said on Wednesday that Wu ...

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First Published: Thu, June 15 2017. 13:33 IST