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.
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