BEIJING—Chinese authorities are directing Anbang Insurance Group to sell off assets more quickly, seeking to shrink the troubled companyto roughly half its previous size. Regulators said in a briefing Thursday that Anbang has disposed of or is disposing of more than a trillion yuan ($145 billion) in assets, about half what it held when the government took it over last year, according to its website.

Source: Wall Street Journal July 04, 2019 09:45 UTC