Caixin
Feb 20, 2013 12:25 PM

New Rules Cast Doubt on Insurer's Deal with City's Financing Platform

 
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(Beijing) – When China Life Insurance (Group) Co. struck a deal with the Suzhou government and its financing platforms, the insurer looked set to be a shareholder in a fund that would primarily back infrastructure building.

Now the prospect is less certain because some interpretations of a new policy, released one month after the deal was reached, cast doubt on whether the agreement is legal.

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