FT:
Chinese regulators’ three-month moratorium on Anbang life insurance products has hit the company, new data shows, adding to the company’s struggles after the detention of its chairman.
Anbang Insurance's Products Still Being Sold Through Bank Channels-Spokesman
By REUTERSJUNE 15, 2017, 4:06 A.M. E.D.T
BEIJING — Anbang Insurance Group's products are still being sold through bank channels, a spokesman at the Chinese insurance giant told Reuters on Thursday.
Chinese authorities have asked banks to suspend business dealings with the group, Bloomberg reported, a day after the insurer said its chairman had stepped aside, amid reports that he had been detained.
(Reporting by Matthew Miller; Writing by Ryan Woo; Editing by Ian Geoghegan)