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August 22, 2016

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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 reported that “the CIRC required China Evergrande Group Chairman Xu Jiayin to purchase 51 percent of Vanke shares in total to take place of Baoneng Group and Anbang Insurance Group.”


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