Wu Xiaohui, once a high-profile Chinese tycoon, decides to fight to the end.

The court transcript showed that Wu Xiaohui contested all charges at first, but “expressed remorse for his crime” in the end.

The Chinese insurance conglomerate that purchased the Waldorf hotel is floundering.

Before his retirement, Zhou Xiaochuan has repeatedly sounded warnings about China’s economy.

Bloomberg reports that Chinese authorities have asked Anbang to sell overseas assets;  Anbang denies.