Deals
Anbang Said to Face Inspection by China's Insurance Regulator
- CIRC is assembling a team to examine Anbang, person says
- Regulator is stepping up monitoring of property investment
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China’s insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers’ investments in real estate and unlisted equities.
The China Insurance Regulatory Commission is assembling a team to examine Anbang, said the person, who asked not to be identified discussing private information. Caixin, which reported on the inspection earlier on Monday, said the CIRC is trying to get a better understanding of Anbang’s business.