CPIC Property Insurance was administratively punished for fabricating insurance intermediary business along with related responsible persons

According to the administrative penalty information disclosure form released by the Shenzhen Financial Regulatory Bureau on May 21, Taibao Property Insurance Shenzhen Branch and related responsible persons were administratively punished by the Shenzhen Financial Regulatory Bureau for fabricating insurance intermediary business.

Penalty details: A fine of 300,000 yuan for the institution; a warning and a fine of 80,000 yuan for Zhang Xiaonan; a warning and a fine of 30,000 yuan for Tan Hui