Fraud Inquiry into Shanghai Insurance Firm Rattles Industry
(Beijing) – A fraud investigation into Shanghai's largest insurance dealer has roiled the country's insurance industry, prompting the regulator to meet and order closer scrutiny of such firms.
Chen Yi, the general manger of Fanxin Insurance Agency Co., was escorted from Fiji back to China by Chinese police on August 19, Xinhua reported. On August 15, the Shanghai branch of the China Insurance Regulatory Commission (CIRC) said the company was selling unauthorized fixed-income financial agreements.
- 'Important Information' vs. Information that Is Important
- Lenovo Completes US$ 2.91 Bln Deal to Buy Motorola Mobility
- Large Railroad Manufacturers Said to Consider Merger
- Village Remake
- APEC Preview
- Skies Overhead
- Two or Three Things about Mr. Lu Xun
- Film: The White Haired Witch of Lunar Kingdom
- Exhibition: The Past
- Wake up, Europe
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Cai Jinyong: A Chinese Voice at the Top of IFC
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts
- 4 Chinese Ships Stuck in Mexico since May over Iron Ore Dispute
- China Builds in Africa, but the Foundations Are Shallow