BEIJING -- Three Chinese insurers were required to take measures to rectify overseas investment projects that violated regulations, according to China's insurance regulator.The insurers were Ping An Insurance (Group) Company of China, New China Life Insurance and China Re Asset Management Company, according to online statements of the China Insurance Regulatory Commission (CIRC) Saturday.The CIRC said the firms' investment in foreign countries and regions violated official rules published in 2012, without specifying their irregularities.Chinese insurers are allowed to make investments in 25 developed markets, including the United States and Singapore, as well as 20 emerging markets such as Brazil and Indonesia, according to the CIRC rules on overseas investment of insurance funds.The firms were asked to make due adjustments and report their rectifications within a month. silicone wristbands uk
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A logo of Huawei Technologies. [Photo/IC] BEIJING - The mainland firmly opposes a decision by Taiwan-based Industrial Technology Research Institute (ITRI) that bans its employees from using mobile phones and computers produced by mainland-based IT firm Huawei. We are strongly against such an action that undermines regular economic and trade activities across the Taiwan Strait for the sake of politics, said Ma Xiaoguang, spokesperson with the State Council Taiwan Affairs Office, when asked to comment on the ITRI move at a press conference Wednesday. It not only harms interests of mainland enterprises but also consumers in Taiwan, Ma said, adding that the action was pandering to certain foreign forces, with the institute serving as a pawn.
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