News

3Novices:Minsheng says loan to Anbang was ‘only US$100m’

The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported.
The remarks by the bank board chairman, Hong Qi, came after reports that Anbang chairman Wu Xiaohui had been ­detained for investigation.
Hong told a shareholders’ meeting that the loans were ­secure and that the bank…
June 18, 2017 at 08:36PM http://ift.tt/2sprEug
#3Novices #News #OnlineMedia #China 3Novices China

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s