Opinion: Chinese regulation

Concerns over the trading legitimacy of Chinese (re)insurers are
not new.
For over a year now the country's government has been
steadily raising the pressure on companies perceived to have been
offering risky and low-value products to customers in an effort to
raise capital for investments.
In this context, it was only a matter of time before the China
Insurance Regulatory Commission (CIRC) took action, and the choice
of Anbang as the high-profile victim appears similarly
inevitable.
Anbang has