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06 декабря, 19:01

CIRC checks ‘barbaric’ practice of insurers

CHINA’S insurance regulator will send two inspection teams to Foresea Life and Evergrande Life amid government efforts to contain possible financial risks brought by massive stake buyouts by heavyweight

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22 ноября, 11:13

Anbang Insurance может приобрести у Blackstone активы на сумму $2,3 млрд

По сведениям из осведомленного источника, американская инвестиционная компания Blackstone Group ведет переговоры о продаже японских активов на сумму около $2,3 млрд китайской компании Anbang Insurance Group. Следует отметить, что Anbang Insurance уже покупала у Blackstone активы ранее в текущем году.

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22 ноября, 09:47

Anbang Insurance может приобрести у Blackstone активы на сумму $2,3 млрд

По сведениям из осведомленного источника, американская инвестиционная компания Blackstone Group ведет переговоры о продаже японских активов на сумму около $2,3 млрд китайской компании Anbang Insurance Group. Следует отметить, что Anbang Insurance уже покупала у Blackstone активы ранее в текущем году.

21 ноября, 19:01

Anbang seeks Japanese assets

China’s Anbang Insurance Group Co is in talks to buy as much as US$2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the talks said, in what would be Japan’s

28 октября, 16:49

Rooms for growth: Chinese firms are investing heavily in American hotels

CHINESE tourists are an increasingly common sight in America’s cities, from New York to Honolulu. About 2m Chinese visit the country each year; that figure is expected to rise to over 3m by the end of the decade. But it is not just Chinese tourists who have been enjoying American hospitality; it’s Chinese investors, too.This week HNA Group, a Chinese firm that began life as an aviation company, announced that it is to buy a 25% stake in Hilton Worldwide Holdings. It will be the largest shareholder in the hotelier whose brands also include Embassy Suites, Hampton Inn and Conrad.The deal is the latest in a year that has already seen substantial Chinese investment in American hotels. In April, an HNA division announced it was buying Carlson Hotels, which owns Radisson and several other brands. Last month, Anbang Insurance Group completed the purchase of 15 American hotels in a deal worth more than $5bn, including the JW Marriott Essex House in New York, the Westin St. Francis in San Francisco, the InterContinental in Chicago, a Four Seasons in Washington, DC, and two Ritz-Carlton resorts. And just last week came the news that China Life Insurance Co. is leading an investment group that is buying a $2bn stake in a collection of 280 American establishments.All of this follows Anbang’s purchase last year of the iconic Waldorf Astoria in New York for nearly $2bn, the highest ...

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27 октября, 00:45

China's Acquisitive Insurance Giant Anbang And Its Mystery 'Billionaires'

In China, perhaps more so than in other countries, how exactly some people end up with large fortunes is not always easy to trace. A classic example is Anbang Insurance.

24 октября, 19:01

HNA Group to acquire 25% of Hilton

CHINESE aviation and shipping conglomerate HNA Group said yesterday that it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group

23 сентября, 19:01

Marriott is world’s largest hotel chain

SEVERAL of the best-known names in travel are now united in one hotel company. Marriott International closed yesterday on its US$13 billion acquisition of Starwood Hotels & Resorts Worldwide, bringing

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22 сентября, 15:17

Marriott’s takeover of Starwood might be bad news for business travellers

YOU ARE taking a business trip to Washington, DC, and need to book a hotel. You survey your options for good deals and amenities. There’s the W right by the White House, and the JW Marriott a block away. But you’ll be spending time at the convention centre, so it is worth considering the new Marriott Marquis there, as well as the nearby Renaissance. Then again, the Four Points and Courtyard have slightly better Metro access. Or you could treat yourself to somewhere posh, like the St. Regis on 16th Street or the Ritz-Carlton in Georgetown.For now, at least some of these hotels will be vying with one another for your custom, so there ought to be reasonable deals and competitive service. But soon all of the above will be owned by the same company.On Tuesday, Marriott cleared the final regulatory hurdle in its $13.6 billion takeover of Starwood Hotels and Resorts, creating the world’s largest hotel company. The deal was nearly derailed when Anbang Insurance Group, a Chinese conglomerate, made an all-cash offer that exceeded Marriott’s initial $12.2 billion bid, prompting a bidding war that ended this spring when Anbang pulled out. But the Chinese Ministry of...Continue reading

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22 сентября, 15:17

Bigger not better?: Marriott’s takeover of Starwood might be bad news for business travellers

YOU ARE taking a business trip to Washington, DC, and need to book a hotel. You survey your options for good deals and amenities. There’s the W right by the White House, and the JW Marriott a block away. But you’ll be spending time at the convention centre, so it is worth considering the new Marriott Marquis there, as well as the nearby Renaissance. Then again, the Four Points and Courtyard have slightly better Metro access. Or you could treat yourself to somewhere posh, like the St. Regis on 16th Street or the Ritz-Carlton in Georgetown.For now, at least some of these hotels will be vying with one another for your custom, so there ought to be reasonable deals and competitive service. But soon all of the above will be owned by the same company.On Tuesday, Marriott cleared the final regulatory hurdle in its $13.6 billion takeover of Starwood Hotels and Resorts, creating the world’s largest hotel company. The deal was nearly derailed when Anbang Insurance Group, a Chinese conglomerate, made an all-cash offer that exceeded Marriott’s initial $12.2 billion bid, prompting a bidding war that ended this spring when Anbang pulled out. But the Chinese Ministry of Commerce said it needed more time to review the terms, and the process dragged out through the summer. On Tuesday, regulators there finally gave their approval.So how will the creation of this new mega-company affect ...

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09 сентября, 04:17

10 Biggest Deals Chinese Insurer Anbang Was Involved In

Anbang Insurance Group might be one of the largest insurance groups in China, but internationally it’s best known for its buying spree.

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06 сентября, 15:26

Zerohedge.com: Сын китайского “большого генерала” рассказал о том, что стоит за оттоком капитала из Китая

В течение последнего года две темы, связанные с Китаем, периодически привлекали внимание медиа: первая тема – которую мы осветили в начале марта – связана с волной странных сделок M&A в этой стране. Как мы поясняли тогда, многочисленные китайские корпорации в… читать далее → Запись Zerohedge.com: Сын китайского “большого генерала” рассказал о том, что стоит за оттоком капитала из Китая впервые появилась .

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24 августа, 20:18

Anbang планирует провести IPO своего страхового подразделения

Китайская компания Anbang Insurance Group планирует провести первичное публичное размещение акций своего гонконгского страхового подразделения. Стоит отметить, что условия IPO пока не разглашаются, при этом его проведение запланировано на середину 2017 года.

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24 августа, 11:22

Anbang планирует провести IPO своего страхового подразделения

Китайская компания Anbang Insurance Group планирует провести первичное публичное размещение акций своего гонконгского страхового подразделения. Стоит отметить, что условия IPO пока не разглашаются, при этом его проведение запланировано на середину 2017 года.

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23 августа, 19:10

Anbang invites bank bids for IPO

ANBANG Insurance Group Co is planning to list its life insurance business in Hong Kong and has invited investment banks to pitch for advisory mandates in coming weeks, people familiar with the matter

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22 августа, 03:13

As The Vancouver Housing Market Implodes, The "Smart Money" Is Rushing To Get Out Now

Three weeks after we suggested that the Vancouver housing bubble had popped in the aftermath of the implementation of the July 25 15% property tax in British Columbia targeting the Chinese free for all in Vancouver real estate, we got confirmation of that last week when we reported that only one word could describe what has happened to Vancouver housing in the past month: implosion. Zolo, a Canadian real estate brokerage, which keeps track of MLS home sales in real-time and reports prices as an average rather than the “benchmark price”, showed as of last week a major correction underway in most Metro Vancouver markets. According to the website, the City of Vancouver currently has an average home price of $1.1 million, down 20.7% over the last 28 days and down 24.5% over the last three months. The average detached home is $2.6 million, down 7% compared to three months ago.    The number of transactions has likewise slammed shut: while August is typically one of the slowest months for real estate transactions, MLS sales data from the first two weeks of the month shows what many have been hoping for during the last few years of escalating prices. According to MLS listing data, there were only three home sales in West Vancouver between Aug. 1 and 14 this year, compared to 52 during the same period last year. That’s a decrease of 94%. In short, the Vancouver housing bubble has poppsed, and  not surprisingly the "smart money", which rode the bubble all the way up, has duly noticed, and wants out. Immediately. As Bloomberg reports, the Ontario Teachers’ Pension Plan is quietly seeking buyers for a minority stake in its C$4 billion ($3.1 billion) real-estate portfolio in Vancouver, including office towers and shopping malls, according to people familiar with the matter. Cadillac Fairview, the real-estate unit of Canada’s third-biggest pension fund, is looking to raise about C$2 billion from the sale. Cadillac Fairview has hired CBRE Group Inc. and Royal Bank of Canada for the sale. According to Bloomberg, Cadillac Fairview is the latest pension group seeking to reduce its holdings in the Vancouver commercial market, where prices have reached record highs amid an influx of foreign cash even as new supply drives up vacancy rates. Ivanhoe Cambridge and the Healthcare of Ontario Pension Plan are seeking about C$800 million for their office towers in Burnaby, British Columbia, just outside of Vancouver. The Cadillac Fairview portfolio, which hasn’t yet started marketing, includes 14 properties in downtown Vancouver and Richmond, with some of Canada’s largest shopping centers, office towers, and historic buildings up for grabs. The assets include a portfolio of waterfront properties including Waterfront Centre, a 21-story tower on the harbor built in 1990; the 238,000-square-foot PricewaterhouseCoopers Place; and The Station, a historic property built in 1912 that serves as North America’s largest transport hub, currently pending approval for an added office tower. The liquidation has a whiff of panic as some of the country’s biggest retail assets are also in the mix, such as the Pacific Centre, a downtown retailer with 1.6 million square feet for which Cadillac Fairview submitted a proposal this year to expand. It’s the third-most profitable shopping mall in Canada, according to brokerage Avison Young, with C$1,599 in sales per square foot Bloomberg adds. The center also contains eight office towers of two million square feet, including 701 West Georgia and the HSBC building. In recent years, alongside the plain vanilla housing bubble, commercial real estate soared too, as demand for Vancouver offices sent prices of properties to record highs in recent transactions, including the purchase by Anbang Insurance Group - another notorious Chinese offshore buyer - of the Bentall Centre. Meanwhile, a warning sign had emerged even before the July property tax hike as the vacancy rate in the city rose to a 12-year high of 10.4% as of June 30 as tenants absorbed 1 million square feet of new space since the same time last year, according to Avison Young. It is only set to get worse, because in a rerun of what happened to the Alberta office market in early 2015 after oil cratered, additional space is set to flood the market, with six office towers under construction for delivery as soon as this year totaling about 802,700 square feet, and 10 buildings proposed for the city, including Cadillac Fairview’s Waterfront Tower, according to Avison Young’s mid-year 2016 report. Despite the vacancy, rental rates for the best quality assets in Vancouver are the highest in Canada and some U.S. cities such as Chicago and L.A. at about C$30 a square foot, Avison Young said. And so, Vancouver - after enjoying years of unprecedented upside in both residential and commercial real estate - is on the edge of full blown, freely falling hangover, just like the one the OECD prudently warned about three months ago, when it said that a "disorderly housing market correction" notably in Toronto and Vancouver, is the biggest threat to Canada’s economy, one which "would damp residential investment and private consumption, and could threaten financial stability." One can now add commercial investment and consumption to that list as well.  In the coming months, if not weeks, we will find out just how accurate the OECD's gloomy forecast was.

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21 августа, 19:10

Battle for shares

THE China Insurance Regulatory Commission has strongly denied a report concerning the battle for control of shares in China’s leading property developer, Vanke. On Saturday morning an online news portal

06 сентября, 15:26

Zerohedge.com: Сын китайского “большого генерала” рассказал о том, что стоит за оттоком капитала из Китая

В течение последнего года две темы, связанные с Китаем, периодически привлекали внимание медиа: первая тема – которую мы осветили в начале марта – связана с волной странных сделок M&A в этой стране. Как мы поясняли тогда, многочисленные китайские корпорации в… читать далее → Запись Zerohedge.com: Сын китайского “большого генерала” рассказал о том, что стоит за оттоком капитала из Китая впервые появилась .