The founder and chairman of developer China Vanke, Wang Shi, will step down from the board after a long power struggle over the company's ownership.
Anbang is a private firm, but its various arms are among the top 10 shareholders of a number of companies.
A number of firms traded in China could see a share bump come Wednesday following the announcement of a new special economic zone.
"Big crocodiles" and "demons" aren't terms typically associated with regulatory legalese, but they're being used in China.
Property developer China Vanke has been embroiled in a high-profile corporate power tussle for over a year.
Asian shares were mixed on Tuesday amid low-volume holiday trading, despite strong growth in China's industrial profits in November.
Asian markets started the week on the back foot, with the Japanese benchmark snapping 11-straight session of gains.
Asian markets wavered on Tuesday, as investors await a widely expected Federal Reserve rate hike this week.
The Japanese benchmark index finished at a nearly 11-month high as shares received a boost from a weaker yen.
Vanke has under-performed compared to its peers, due likely to its distracted management and bad publicity, says Morningstar IM's Philip Zhong.
Shareholder drama due to Vanke's shareholding structure mean that a hold rating on the stock is prudent, says Danielle Wang, research director at DBS Vickers.
Markets in Asia were lower on Friday as China's home prices rose, a typhoon shut down the Hong Kong market and an earthquake struck Japan.
Markets in Asia traded mixed on Wednesday, with Japanese shares gaining on the back of a weaker yen.
Asian stocks were mixed Thursday, with traders on the sidelines ahead of Janet Yellen's Friday speech, as Chinese markets fell on liquidity concerns.
Markets in Asia finished mixed on Wednesday, despite Wall Street's gains overnight, as traders remained in a wait-and-see mode ahead of Jackson Hole.
Most Asian markets retreated on Monday, with traders likely holding their horses ahead of a speech from Fed chair Janet Yellen on Friday.
Both Baoneng and Evergrande want to get hold of Vanke because it's a great asset that would consolidate their earnings, says GMT Research's Nigel Stevenson.
Japanese shares dropped on Thursday in a mixed Asian trading session, as a stronger yen weighed on sentiment.
Wall Street's fresh record closing highs failed to boost sentiment in Asia markets on Tuesday, with Japanese shares selling off as the yen surged.
Haitong Intl Securities's Kevin Leung says Dalian Wanda Commercial Properties chose to delist because it was heavily discounted in the Hong Kong market.