The move will force conglomerates like Anbang Insurance Group to cut their holdings in commercial lenders. Photo: Reuters

Commercial bank shareholders targeted as China steps up scrutiny

Those with stakes of more than 5 per cent bought through financial products like insurance or asset management schemes must trim holdings within a year

Topic |   China economy

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The move will force conglomerates like Anbang Insurance Group to cut their holdings in commercial lenders. Photo: Reuters
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