Vanke chairman Wang Shi, who used the word ‘barbarian’ to describe Baoneng when it built its stake to become the biggest shareholder. Photo: SCMP Pictures

Baoneng’s leveraged buy-up of China Vanke shares under pressure as regulator bans universal life sales

About 80 per cent of Baoneng’s insurance income is from universal life products, sales of which have been suspended by the Chinese Insurance Regulatory Commission

Topic |   China Vanke

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Vanke chairman Wang Shi, who used the word ‘barbarian’ to describe Baoneng when it built its stake to become the biggest shareholder. Photo: SCMP Pictures
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