Monopoly-Chinese Regulators Investigate Ping An Insurance Real Estate Investment-Sources


Source: texasnewstoday.com texasnewstoday.com

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August 30, 2021 Shanghai (Reuters) – Chinese banking and insurance sector regulators are investigating investments in the Chinese real estate market, and two sources aware of the issue said the company would make a big profit from sour bets. After raising, said. The Bank of China Insurance Regulatory Commission (CBIRC) has also ordered insurers to stop selling alternative investment products that are normally associated with the real estate market, people who were not identified because the information was not disclosed said. rice field. In a statement, Ping An said its real estate exposure was well below the regulatory limits. Did...