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CIRC cracks down on speculation by insurers

By Wu Yiyao in Shanghai | China Daily | Updated: 2016-11-09 07:30

Evergrande Life Insurance told to strengthen its risk management

China's insurance regulator said on Tuesday that it does not support short-term speculative stock trading by insurance funds.

It will strengthen regulations about the use of insurance funds in stock market trading, a move that market analysts believe will help to reduce risky and speculative trading.

CIRC cracks down on speculation by insurers

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