Regulators in China have clamped down further on acquisitive conglomerate HNA, barring it from accessing capital or financing from an insurance unit it controls.
In a letter posted on its website, the China Insurance Regulatory Commission said Bohai Life was banned from providing its parent and related parties with capital for six months.
The letter stated that an inspection earlier this year had found that Bohai Life had problems managing internal controls and transactions with related parties, and that any current transactions with related parties must also be terminated.
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