China’s insurance premium income rose 27.5 per cent last year to a record 3.1 trillion yuan, bloating the coffers of many insurers, and causing them to be used as war chest to fund leveraged buyouts and takeovers. Now China’s financial regulators are taking aim at insurers in cracking down on corporate raiders. Photo: Reuters

Cross hairs are on insurers as China takes aim at raiders

CIRC urges companies to have profound rethinking of the problems created in the last year and take great caution to manage the insurance fund

Topic |   Regulation

TOP PICKS

China’s insurance premium income rose 27.5 per cent last year to a record 3.1 trillion yuan, bloating the coffers of many insurers, and causing them to be used as war chest to fund leveraged buyouts and takeovers. Now China’s financial regulators are taking aim at insurers in cracking down on corporate raiders. Photo: Reuters
READ FULL ARTICLE