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Chinese insurance companies saw their premium income drop in the first four months of 2018 year-on-year, dragged down by the decline of the life insurance business due to stricter regulations, official data showed on Friday.
Chinese conglomerate Jingye, which is headquartered in Hebei province near Beijing, recently announced an investment of a staggering 1.2 billion pounds (.55 billion).

Chinese authorities also tightened their grip on the internet financing market to rein in financial risks. Regulators ordered a ban on Initial Coin Offerings and they shut down all virtual currency exchanges in the country. Unlicensed firms or individuals were banned from carrying out cash loan or micro lending business.
Chinese conglomerate Dalian Wanda has pulled out of plans to buy part of the Nine Elms Square site in central London, which comes hot on the heels of the Chinese government's latest rules on investment in overseas deals.
Chinese political advisors take part in a bi-weekly seminar. [Photo/Xinhua]
来源:资阳报