News Regulations20 Jul 2020

China:Regulators take over 4 insurers and 5 other financial entities of conglomerate

20 Jul 2020

Chinese financial regulators announced on 17 July that they had taken over, for one year, brokerages, trust companies and insurers linked to the embattled group Tomorrow Holdings, amid a campaign to stem systemic financial risks in a slowing economy, reported Reuters.

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