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$100 Billion Buying Spree by Chinese Insurers Fizzles in 2017

  • Insurance companies in China have made no deals this year
  • Regulators have clamped down on insurance, capital flight

A regulatory clampdown on speculation by insurers and new limits on outbound capital flows are causing one of China’s most acquisitive industries to hit the brakes. 

Chinese insurers, after announcing almost $100 billion of deals over the past three years, haven’t made any acquisitions so far in 2017, data compiled by Bloomberg show. Anbang Insurance Group Co., Ping An Insurance (Group) Co. and China Life Insurance Co. were among some of the active acquirers last year, snapping up assets ranging from a U.S. hotel chain to an auto website operator.