Regulator suspends insurer’s major policy in leveraging row

The China Insurance Regulatory Commission has suspended Foresea Life Insurance Co. from selling new life insurance policies and proposing new products, the Caixin news agency reported on Monday night. The Baoneng Group’s subsidiary has taken stakes in several mainland-listed companies. Liu Shiyu, the chairman of the China Securities Regulatory Commission, labelled insurers’ leveraged buyout activities “barbaric” in […]