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Opinion

Anbang shows China's vanishing divide between public and private

Takeover of insurer should come as no surprise

| China
Anbang Insurance Group Chairman Wu Xiaohui   © Reuters

The move by Chinese regulators to take control of Anbang Insurance Group, the nation's third-largest insurer in terms of assets, has sent a loud signal across the financial industry.

Loud, but not so clear. From a business perspective, nothing has really changed. Since last June, Chairman Wu Xiaohui has effectively been under arrest and the China Insurance Regulatory Commission has been inside the company trying to unravel what has been going on.

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