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Comment: Chinese insurers' foreign investments likely in crosshairs of Chinese, international regulators after Anbang scandal

By Toh Han Shih ( February 26, 2018, 09:18 GMT | Comment) -- If they are not doing so already, regulators in the US, Europe and other jurisdictions should be cooperating with Chinese regulators in scrutinizing overseas investments by Chinese insurers. In the past few days, Chinese authorities have warned or punished insurers for a variety of irregularities including violating Chinese laws on overseas investments. The most notable Chinese company affected by the recent crackdown is Anbang Insurance Group, which in recent years splurged more than $30 billion in a shopping spree across the US, Europe and Asia.If they are not doing so already, regulators in the US, Europe and other jurisdictions should be cooperating with Chinese regulators in scrutinizing overseas investments by Chinese insurers. In the past few days, Chinese authorities have warned or punished insurers for a variety of irregularities including violating Chinese laws on overseas investments. The most notable Chinese company affected by the recent crackdown is Anbang Insurance Group, which in recent years splurged more than $30 billion in a shopping spree across the US, Europe and Asia....

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