Reuters first to report China regulator probes Ping An Insurance's property investments - Reuters News Agency
Business & Finance

Reuters first to report China regulator probes Ping An Insurance’s property investments

Reuters was first to report that China’s banking and insurance sector regulator is probing Ping An Insurance Group Co of China Ltd’s investments in the property market, after the firm took a big profit hit from a soured bet. The China Banking and Insurance Regulatory Commission (CBIRC) has also ordered the insurer to stop selling alternative investment products, which are typically tied to the property market. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: EquitiesFinancial Services
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: The company logo of Ping An Insurance is seen in Beijing, China, Aug. 27, 2020. REUTERS/Thomas Peter/File Photo
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