Chinese online insurer ZhongAn tumbles as regulations weigh

ZhongAn Online P & C Insurance

12/08/2021 04:14

** Chinese online insurer ZhongAn  6060.HK  tumbles 8.9% to
HK$38.9
    ** China Banking and Insurance Regulatory Commision on
Wednesday said it would strengthen regulation over products,
sales, claims and information security of online insurers
    ** Peers Ping An Insurance Group  2318.HK  drops 1.86%,
while China Life Insurance Co Ltd  2628.HK  falls 0.46%
    ** Hang Seng financials sub-index  .HSCIF  down 0.8%

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))