CIRC said it will continue to tighten regulatory supervision and punish irregularities. the Bank of Communications Life Insurance (CIRC) has issued bans on the issuance of new products for three life insurance firms, ABC Life Insurance , ABC Life Insurance and Greatwall Life Insurance for violation of regulatory provisions. The regulator found that the companies' product design management was flawed, leading to defective product recalls. The CIRC plans to strengthen its supervision and be more stringent against financial risks.
the Bank of Communications Life Insurance (CIRC) has issued bans on the issuance of new products for three life insurance firms, ABC Life Insurance , ABC Life Insurance and Greatwall Life Insurance for violation of regulatory provisions. The regulator found that the companies' product design management was flawed, leading to defective product recalls. The CIRC plans to strengthen its supervision and be more stringent against financial risks.