Anbang Insurance has been banned from issuing new securities for the next three months by the China securities Regulatory Commission because it is disturbing " market conditions " . The regulator said that one of its annuity products " evades existing agency regulations " . The ban followed a report last week by a respected Chinese regulator that accused Anbang of a serious lack of transparency and financial mis - dealings along the way to recover assets of $ 275bn . Anbang denies the claims and has threatened lawsuits against the publication .
Anbang Insurance has been banned from issuing new products for the next three months by the China Insurance Regulatory Commission because it is disturbing "market order". The regulator said that one of its annuity products "evades existing agency regulations". The ban followed a report last week by a respected Chinese publication that accused Anbang of a serious lack of transparency and financial mis-dealings along the way to accumulating assets of $275bn. Anbang rejected the claims and has threatened litigation against the publication.