Published: 5:15pm, 14 Dec, 2016 Updated: 8:46pm, 20 Jul, 2018
The China Insurance Regulatory Commission (CIRC) is launching a series of measures to rein in frequent and aggressive stock trading. In the first phase of its crackdown on insider trading, regulators will ban short-selling by brokers who are not registered with the CRC. Insurers in China will also be forbidden from allying with non-insurance firms to buy listed companies. CIRC chairman Xiang Junbo said "insurers should be long-term investors rather than short-term speculators".