SHANGHAI/BEIJING, July 4 (Reuters): Chinese regulators adopted shock and awe tactics on Saturday to target misbehaving shareholders of banks and insurers by naming and shaming 38 corporate investors for having "gravely" violated rules and laws in their first such exercise.
The China Banking and Insurance Regulatory Commission (CBIRC) said the disclosure aimed to limit financial risks and improve corporate governance, adding that such lists of names would be regularly published in future.
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