China Regulator Proposes Insurer Ownership Limits to Curb Risky Investments

Proposed ownership limits at Chinese insurance companies could effectively stop conglomerates such as China Evergrande Group and Baoneng Group from using their insurance units to help fund acquisitions and riskier investments. The draft China Insurance Regulatory Commission’s (CIRC) proposals, unveiled last week, would cap individual ownership …

from News – Insurance Journal