Chinese insurers, hard hit by a sweeping crackdown this year, are anticipating an opening in the market for overseas investments in 2018.
China’s insurance sector has been the target of regulatory tightening over the past year, aimed at curtailing companies’ access to foreign investments.
Several groups have been banned from selling high-risk, high-return products that have helped fuel extravagant overseas investments. The leaders of some companies have been investigated or, in the case of Anbang Insurance chairman Wu Xiaohui, detained.
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