News China08 Sep 2017

CIRC's proposed rules governing insurers' shareholders claim victims

| 08 Sep 2017

Bohai Financial Investment Holding Co has announced that it is dropping a plan to acquire a 14.77% stake in Hua An P&C Insurance. The abandonment of the proposed deal is the first by an insurance company since the CIRC circulated draft guidelines in July this year that would tighten up rules governing shareholders of insurance companies.

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