HONG KONG (Reuters) - The chief executive of China Strategic Holdings Ltd said yesterday that he did not understand the decision by Taiwan's regulators to block the $2.2 billion agreement to buy American International Group Inc's (AIG) Nan Shan Life Insurance unit.

Raymond Or said if China Strategic and its partner on the deal Primus Financial were to appeal the ruling, they would address their long-term commitment to the agreement and the group's ability to fund the purchase.

Or said he was pleased that the Taiwanese regulators looked at the offer as a foreign investment and not as a Chinese bid.