CIRC considers overseas M&A leeway: report

The China Insurance Regulatory Commission (CIRC) is reportedly
mulling a change to its regulatory framework which would ease
overseas M&A by larger, more solvent companies.
According to Reuters, the regulator is considering allowing
firms including China Life Insurance and Ping An Insurance to
continue their overseas expansion while retaining strict controls
for smaller, riskier companies.
The news agency said the proposal remains in the early stages
and no decision has been made as to when