Israel’s Finance Ministry opposes the sale of insurance companies to Chinese investors because it’s hesitant to put pension money in their hands, a senior government official said, a stance that could bode ill for Fujian Yango Group Co.’ s bid to buy Israel’s Phoenix Holdings Ltd. Many Chinese investors don’t bring clear advantages to the table in managing savings because they don’t have well-established track records, the official said, speaking on condition of anonymity to discuss ministry policy.