WORLD CAPITALS/WAM Gold prices firmed on Friday and were on track for their biggest weekly …
Read More »China insurance watchdog vows to punish speculators
Bloomberg The chairman of China’s top insurance regulator vowed to impose “stringent†rules and “severely†punish short-term speculation by insurers, the latest sign of tightening controls on the nation’s industry. The watchdog will also curb “aggressive†pricing and the “unreasonably†high returns of some insurance products, Xiang Junbo, Chairman of the China Insurance Regulatory Commission, told reporters in Beijing. …
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