Chinese regulators have intensified their crackdown on insurers’ use of high-risk, high-return products, which are often used to fund corporate deals.
The clampdown comes days after the country’s securities regulator separately denounced companies making highly leveraged takeovers as “barbarians” and “robbers”.
The China Insurance Regulatory Commission on Tuesday said it had barred Foresea Life Insurance from issuing “universal insurance” products.
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