The auction for AXA’s stake in Chinese insurance company Taikang Life has been put on hold as a result of fears about new rules drafted by industry regulators.According to Reuters, there are growing concerns that new regulation on the Chinese insurance industry could make it difficult for private equity firms to invest in the sector. Blackstone and KKR are reportedly among the bidders for AXA’s 15.6 per cent stake in the company, along with Singapore state investor Temasek. The stake is expected to fetch around $1bn.
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