China Regulator May Reject Anbang’s $13B Starwood Deal

China’s insurance regulator is likely to reject Anbang Insurance Group’s proposed US$13 billion deal to acquire U.S. hospitality giant Starwood Hotels and Resorts Worldwide Inc., says Caixin Media citing sources close to the China Insurance Regulatory Commission (CIRC). The regulator has a clearly disapproving attitude, because completing the deal may mean that the insurer is […]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.