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China resumes hunt for investors to take control of Anbang's remains

Consortium leader might see insurer's Beijing location as advantage

Six investor groups are in the running, sources say.   © Reuters

Dajia Insurance Group, the state-owned company created to take over the assets of fallen financial conglomerate Anbang Insurance Group, has resumed looking for new investors after last year's failed attempt during the pandemic, sources close to the company told Caixin.

Bringing in new investors for Dajia would bring Chinese authorities a step closer to putting Anbang's remaining assets into private hands. Currently, state-run bailout company China Insurance Security Fund holds a 98% stake in the company.

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