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Caixin Global

Business

Zhang Yukun and Wu Yujian

China’s AIA, PICC Among Insurers Called Out for Inaccurate Data

China Insurance CBIRC

What’s new: China’s top insurance regulator has named and shamed four insurers for reporting false solvency data in 2022.

The insurers include big names like AIA Life Insurance Co. Ltd., and PICC Life Insurance Co. Ltd., according to an announcement by the China Banking and Insurance Regulatory Commission (CBIRC) on Thursday.

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