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Giant Chinese insurance ponzi hits the skids

May 19, 2017 - 00:04 -- Admin

Via Investing in Chinese Stocks. A leaked document circulating on the Chinese Internet shows one of China’s most aggressive sellers of universal life insurance is in trouble. Foresea Life was selling policies like hotcakes in order to fund parent Baoneng’s takeover attempt of Vanke. The chairman of Baoneng was banned from the insurance industry for

The post Giant Chinese insurance ponzi hits the skids appeared first on MacroBusiness.

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