Chinese insurer hits out at Wen Jiabao report | Bangkok Post: news

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Chinese insurer hits out at Wen Jiabao report

A Chinese insurance giant threatened legal action on Monday over a media report linking a key government decision about the firm to shareholdings held by relatives of Premier Wen Jiabao.

Chinese Premier Wen Jiabao in Bangkok on November 21. A Chinese insurance giant threatened legal action on Monday over a media report linking a key government decision about the firm to shareholdings held by relatives of Wen.

The New York Times said Sunday that the chairman of Ping An Insurance wrote personally in 1999 to Wen, who was vice-premier at the time, and met his wife as the government mulled a decision on whether to split up the company.

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