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.
Business & Finance
Reuters first to report China regulator probes Ping An Insurance’s property investments
01 August 2021, 2:14 pm 1 minute
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