Chinese insurers face stock-buying crackdown

China insurers are facing tighter rules on their risky business and equity investment activities, according to media reports, following rare criticism of their activities in the stock market by the securities regulator. Chen Wenhui, vice chairman of the China Insurance Regulatory Commission, said the industry watchdog planned to issue new restrictions on aggressive long-term equity investments, reports state newspaper People’s Daily. This came after the CIRC gathered senior indust…