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
#3Novices #News #OnlineMedia #China 3Novices China


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