Chinese Insurers Grow Cautious on Mainland China RE Exposure
Posted on 09/03/2021
Ping An Insurance is facing a probe by the China Banking and Insurance Regulatory Commission (CBIRC). CBIRC ordered Ping An to also stop selling alternative investment products, many which are tied to property markets. Ping An quickly released a statement thereafter saying that its real estate exposure was significantly lower than its regulatory cap. Earlier […]
