Posted inChina

CIRC cracks down on insurance firms over illegal equity trading

The China Insurance Regulatory Commission (CIRC) has issued its 37th regulatory letter, revoking Kunlun Health Insurance’s application to change shareholders and registered capital. It is the first time for the regulator to remove illegal equities, and, to put related investors and agencies on the market blacklist, Securities Daily reported. So far, 37 regulatory letters have been […]