Regulator urges insurers to improve information disclosure

The China Insurance Regulatory Commission has said that insurers must improve their information disclosure on issues such as capital source when it comes to equity investment in listed firms, reported China Daily.

CIRC's statement came amid the escalating clash between listed developer China Vanke Group and its largest shareholder, Baoneng Group.

Insurance conglomerate Baoneng and its affiliates have aggressively purchased Vanke's shares in the public market to become the developer's largest shareholder.

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