Caixin
Dec 15, 2016 07:28 PM
FINANCE

In Depth: Foresea Share Transfer Casts Light on Baoneng Bid for Control

Illustration by Qi Lin and Xu Yuanyuan
Illustration by Qi Lin and Xu Yuanyuan

(Beijing) — China's insurance regulator is clamping down on aggressive takeovers by insurance companies that rely heavily on investment-linked policies and are controlled by a parent that faces few constraints on how it can exploit its insurance subsidiary.

A closer examination of Foresea Life Insurance, one of the companies caught in the spotlight, sheds light on why the regulator is worried about their sales, investment and shareholding structure.

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