The $300 Billion Collapse Of China's Anbang Group

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Anbang Insurance Group, a renowned Chinese company, was once proudly valued at $300 billion in assets. However, as the tale unfolds, the company eventually faced dissolution and liquidation. What led to this dramatic turn of events?

Narrated by Tom Mckay
Video Edited by iyanbriandi

Brought to you by the Behind Asian Team.
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The prevalence of high-level corporate cases like the Anbang Insurance Group story is a recurring phenomenon in China. What factors do you believe contribute to the ongoing occurrence of such cases in the country? Let us know down below!

BehindAsia
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A company that rises to the top so quickly is very questionable

shoutout
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In that part of the world, when something like this happens to a powerful businessman, it not because they did something wrong, it's because someone in power doesn't like you very much!😂

cane
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Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

gretchenjessy
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As always, if something seems too good to be true, chances are it isn't.

davidbeattie
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This is not an isolated incident in China. In banking, construction, manufacturing, and transportation, just about 90% of their economy faces the same challenge, due to the offical conruption

davewong
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When big brokerages & investors tell you to buy, it's time to sell ... they just want to sell out to you

miketan
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Very interesting and informative. Thanks.

bistokidsfan
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.
"ANNALS" is pronounced ann-ulz _NOT_ ay-nulz
annals not anals 🙂
.

abcde_fz
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They had a great deal of fake financing and lousy underwriting

pamelahomeyer
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Much more coming it's Domino effect ✌️

Indian_Rajput
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Its the power of financial manipulation, buy now pay later, its like US printing money, its just like kicking the can down the road 😂😂😂

shanmugasundaramrajeswaran
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The solution may be for the government to re-capitalise all the failing enterprises...Give them all a fresh start.😢

durudadlani
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Evergrande Construction is $305 billion in debt also.

davidhynes
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Whoa, I didn't know they owned the Westin st. francis in SF. Best free attraction in the city (at least ten years ago). walk through the lobby, go up to the top floor at dusk. Best view of the city evar. they probably require key fobs these day, though :\

JeremyPickett
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An pang needs to go bankruptcy? And then take over by a very rich group of Chinese investors ?? And re invent and reorganise into very successful business opportunity again?...

awjames
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When insurance companies fail you know you're screwed

salamandiusbraveheart
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Classic Chinese trait is " GREED", it will get you in the end!

karlwarne
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Afghanistan imf china deal oil patrol gas

usmanmani
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Conclusion, don’t become rich, if you do, your Accomadation will become very restricted. 🥶🥶🥶🥶🥶🥶🥶

George-rvrt