, Columnist
Premium Property
The nation's insurers have premiums to spend at a time real estate is recovering.
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Anbang Insurance's stealthy purchase of a stake in China Vanke, the developer in the midst of a rare hostile takeover, shows the country's insurers have found a new game -- domestic real estate.
Putting aside mainland Chinese press reports that Anbang could be linked to Vanke's largest shareholder and would-be acquirer Baoneng, news that Anbang has raised its stake to 7.01 percent in the Shenzhen-listed stock highlights the attractiveness of the long-battered sector.