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Remains of China's Anbang go on sale with $5.2bn valuation

Government exit offers insight into how Beijing deals with too-big-to-fails

The Chinese government is looking to sell nearly 99% of its stake in troubled insurance company Anbang, which is valued at 33.6 billion yuan ($5.2 billion), public records show.

The sale, which runs until Aug. 12, marks the government's latest effort to put Anbang Insurance Group's remaining assets back into private hands and recoup as much of its bailout funds as possible three years after taking over the scandal-ridden insurer.

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