May 04, 2016 06:15 PM

Insurance Regulator Said to Send Team to Probe Funde Sino Life

(Beijing) – The insurance regulator has sent a team that includes accounting experts to Funde Sino Life Co. after the detention of its former chairman drew scrutiny to its expansion and investments, individuals with knowledge of the matter say.

Officials from the China Insurance Regulatory Commission (CIRC) arrived at Sino Life on May 3, the sources said.

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