Insurance regulator to beef up regulation

China's insurance regulator said on Monday it will intensify regulation of outbound and real estate investment, a move to prevent valuation risks abroad and guarantee the stability of the nation's foreign exchange reserves.

"The China Insurance Regulatory Commission will always strengthen regulation of the use of insurance funds and govern irrational and outbound mergers and acquisitions," said Guo Jing, deputy head of the commission's finance and accounting department.

Guo said the commission will take measures such as intensifying information disclosure and monitoring the flow of funds to prevent outbound investments from growing excessively rapidly.