Chinese insurers encouraged to bring in strategic investors
China’s insurance regulator has told domestic insurers to bring in more strategic investors to help improve their managerial structures, the ‘China Securities Journal’ reported on Monday.
Such strategic investors could be foreign or domestic, Wu Xiaoping, vice chairman of China Insurance Regulatory Commission, told a conference. Major shareholders currently have too much influence, MrOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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