PICC Property and Casualty Company Limited Longjiang Branch was fined RMB 140,000 for inaccurate financial data.

Blue Whale News, June 5 — Recently, the Qiqihar Branch of the National Financial Regulatory Administration issued an administrative penalty decision targeting the Longjiang Branch of the People's Insurance Company of China, Ltd. and relevant responsible individuals. According to the penalty notice, the primary violation committed by the institution was: falsification of financial data. In response to the aforementioned violations, the Qiqihar Branch of the National Financial Regulatory Administration imposed a fine of RMB 140,000 on the institution. Mr. Liu Gang, who served as Manager of the Longjiang Branch of the People's Insurance Company of China, Ltd. at the time, received a warning and was fined RMB 20,000.

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