CIRC warns against reckless investing: reports

The China Insurance Regulatory Commission (CIRC) has accused some
Chinese insurers of behaving irresponsibly when investing overseas,
according to the official Securities Times.
Chen Wenhui, vice chairman of the CIRC, told the publication
that some insurers had also behaved recklessly when it came to
offshore acquisitions.
"Blind outbound investment" by insurers, often with
high leverage, had involved tens of billions of yuan worth of risks
in some cases, Chen said.
"Some companies behave like a