On February 24, the Yunnan regulatory bureau of the China Banking and Insurance Regulatory Commission disclosed several fines, China Life Insurance Company Limited(601628) Honghe branch was fined 300000 yuan for using insurance business to seek illegitimate interests for other institutions.
Zhao Hongbin, then general manager of China Life Insurance Company Limited(601628) Honghe branch, was responsible for the above violations and was warned and fined 80000 yuan. Liang Shuyu, then deputy manager (presiding over the work) of Luxi County branch under China Life Insurance Company Limited(601628) Honghe branch, was responsible for the above violations and was warned and fined 70000 yuan.
