Chinese regulator accepts Yi An P&C Insurance to enter reorganization process


The insurer should carry out follow-up work in strict accordance with relevant laws and regulations, according to a statement from the China Banking and Regulatory Commission (CBIRC), without giving further details.

Yi An is one of nine financial firms linked to the troubled Tomorrow Holdings, which has been targeted as part of a government crackdown on systemic risks posed by financial conglomerates.



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