Xiang Junbo, Chairman of the China Insurance Regulatory Commission, speaking at his first public appearance since January 12, where he chimed in on a war of words against illicit fund raising by insurance companies, vowing to crack down on companies that breach the regulator’s rules.Photo: Simon Song

China’s insurance regulator chimes in with war of words on illicit funds

The CIRC says it will impose the most severe punishments on insurers that breaches its rules, suspend their businesses or revoke their licenses

Topic |   Regulation

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Xiang Junbo, Chairman of the China Insurance Regulatory Commission, speaking at his first public appearance since January 12, where he chimed in on a war of words against illicit fund raising by insurance companies, vowing to crack down on companies that breach the regulator’s rules.Photo: Simon Song
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