Hui Ka-yan, chairman of Evergrande Group, was quoted as saying his insurance unit shouldn’t be used as a financing platform for the group company. Photo: Nora Tam

Chinese insurers forced to rein in financing via short-term policies

Regulator might introduce a new threshold that blocks some companies from issuing universal life insurance policies

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Hui Ka-yan, chairman of Evergrande Group, was quoted as saying his insurance unit shouldn’t be used as a financing platform for the group company. Photo: Nora Tam
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