The Financial Regulatory Authority system has revoked or canceled the licenses of 60 insurance professional intermediary corporations through procedures including revocation and deregistration.

2026-04-08 00:29:09

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On February 27, the National Financial Regulatory Administration website released a notice. To thoroughly implement the spirit of the Central Financial Work Conference, the Financial Regulatory Administration has adhered to strong and strict supervision. Starting in 2024, it has carried out the Insurance Intermediary Market “Clean-Up, Rectification, and Quality-Improvement” Action. In accordance with the law and regulations, it will systematically and step by step wind down and eliminate insurance intermediary institutions that do not meet regulatory requirements or are operating abnormally, and it will seriously investigate and punish illegal and non-compliant conduct. For institutions that severely disrupt market order, their business licenses will be revoked in accordance with law.

In 2024–2025, nationwide, a total of 3 insurance intermediary groups were investigated, with their business licenses revoked or they were deregistered; 57 insurance professional intermediary corporate institutions were dealt with. In addition, 3,730 insurance professional intermediary branches were withdrawn, and 226 insurance multi-line agency institutions were dealt with.

Next, the Financial Regulatory Administration will continue to thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council. Focusing on the main line of work to prevent risks, strengthen supervision, and promote high-quality development, it will solidly carry out insurance intermediary regulatory work; improve the insurance intermediary regulatory system; and continuously and deeply advance the insurance intermediary “clean-up and quality-improvement” efforts. It will optimize the market structure of insurance intermediaries, promote insurance intermediary institutions to strengthen professional capabilities and information-technology development, deepen the reform of insurance multi-line agency, promote the high-quality development of insurance intermediaries, and help improve the quality and efficiency of financial services.

(National Financial Regulatory Administration)

(Editor: Qian Xiaorui)

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