Experts urge regulators to preempt disruptive stake deals, investments

Although the battle between the management team of China's largest property developer China Vanke Co and its major shareholder Baoneng Group has come to an end, experts said regulators should perfect systems to prevent chaotic market transactions.

Baoneng Group Chairman Yao Zhenhua is no longer chairman or a board member of Foresea Life Insurance, the insurance company said in a statement on March 13. Foresea Life is a subsidiary of Baoneng Group.

The China Insurance Regulatory Commission in February barred Yao from the insurance industry for 10 years for irregular market operations.