Financial Trust Jixiang Life was fined 615k yuan for illegal activities such as failing to conduct customer due diligence in accordance with regulations.

2026-04-08 11:37:50

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Recently, administrative penalty information disclosed by the Hunan Branch of the People’s Bank of China shows that China Fortune Jixiang Life Insurance Co., Ltd. was fined 615k yuan by the Hunan Branch of the People’s Bank of China for failing to conduct customer due diligence in accordance with the rules and failing to report suspicious transactions in accordance with the rules. The administrative penalty decision date was March 23, 2026.

(The People’s Bank of China)

(Editor: Qian Xiaorui)

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