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Screw tightens on China Inc after Anbang's mess

Beijing has been slamming the brakes on companies that run up huge debts to fund pricey overseas acquisitions

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Govt regulators seized control of Anbang Insurance Group on Friday, saying its debt-fuelled foreign acquisition binge left the company in financial peril.

Shanghai

BEIJING'S unprecedented takeover of private insurer Anbang confirms that toxic risks lurk in the world's second-largest economy while signalling the state's tightening grip on China Inc despite reform rhetoric, analysts said.

Government regulators seized control of Anbang

sentifi.com

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