Caixin Media

01.13.13

China Development Bank Cancels Loans for Ping An Deal

The Hong Kong branch of China Development Bank (CDB) has been ordered by its Beijing headquarters to cancel loans that would have been used to finance an acquisition involving the nation’s second-largest insurer, a bank source said.The source said...

Lobbying, a Windfall and a Leader’s Family

David Barboza
New York Times
Wen Jiabao's relatives grew extraordinarily wealthy during his leadership, with most wealth coming from Ping An Insurance shares. ...