CIRC probe may delay offshore investments
The investigation of the Chinese insurance regulator's chairman for alleged corruption has implications for domestic insurers' investments – notably larger deals.
At a time when Chinese institutional investors already have heavy government constraints on their cross-border activity already, a new development has raised further concerns on this front.
The newly launched probe of the chairman of the domestic insurance regulator could delay large overseas investments by mainland insurers and potentially also offshore mandates, said a senior insurance executive on condition of anonymity.
Moreover, the investigation of Xiang Junbo signals tha…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.