News Snapshot:
China’s Anbang insurance wreckage is valued at more than $ 5.2 billion in a recent attempt by state managers to disband a former high-altitude flight group led by prison tycoon Wu Xiaohui. [Anbang](//www.ft.com/topics/organisations/Anbang_Insurance_Group_Co_Ltd) With a cohort of conglomerates, including [HNA](//www.ft.com/content/8acfe40e-410b-11e7-9d56-25f963e998b2) And [Dalian Wanda](//www.ft.com/content/b1394c92-aee4-11e7-aab9-abaa44b1e130) Embodied China’s “going out” policy, which led to aggressive foreign investment and expansion in the mid-2010s. Investors are closely tracking Beijing’s long-standing efforts to dissolve Anbang insurance. [Stunning downfall](//www.ft.com/content/ec66e276-329b-11e8-b5bf-23cb17fd1498) As a test case of how other abandoned groups that have plagued the state with billions of dollars in debt are managed. Woo, [Well-known businessman](//www.ft.com/content/49041d0e-1899-11e8-9376-4a6390addb44) He married the...
