China bans joint acquisition of listed firms by insurers
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Beijing
CHINA'S insurance regulator banned insurers from jointly acquiring listed companies with investors from other industries, stepping up curbs on their investments to rein in risks.
New rules released by the China Insurance Regulatory Commission (CIRC) on Tuesday also require regulatory pre-approvals before insurers move to acquire a listed company, according to a statement on the regulator's WeChat account.
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