CIRC bars Evergrande Life from trading in shares
By Li Xiang | China Daily | Updated: 2016-12-10 07:08
China's insurance regulator on Friday banned Evergrande Life Insurance Co from trading in stocks.
The move suggests the regulator has intensified scrutiny of insurers' runaway - some have labeled it indiscriminate and imprudent - buying in the equity market.
Evergrande Life is the insurance arm of Evergrande Group, China's biggest property developer.
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