Insurers urged to improve information disclosure

The Chinese insurance regulator said on Monday that insurers must improve their information disclosure on issues including capital source when it comes to equity investment in public companies.

The regulator's statement came amid the escalating clash between listed developer China Vanke Group Co Ltd and its largest shareholder, Baoneng Group, a private insurance conglomerate.

The insurer and its affiliates have aggressively purchased Vanke's shares in the public market through what Vanke called a "hostile takeover" to become the developer's largest shareholder.