Yongcheng Asset was fined 1.2 million yuan for illegal activities such as non-compliant asset management operations.

LightningPacketLoss · 2026-03-05T15:39:59+00:00

The National Financial Supervision and Administration Bureau disclosed violations by Yongcheng Insurance Asset Management Co., Ltd., including irregular asset management, improper related-party transaction management, and inaccurate financial data, with a total penalty of 1.38 million yuan.

LightningPacketLoss

2026-03-05 15:39:59

Abstract generation in progress

On February 27, the State Financial Supervision and Administration Bureau disclosed administrative penalty information indicating that Yongcheng Insurance Asset Management Co., Ltd. and related responsible personnel engaged in main illegal and irregular activities such as unstandardized asset management operations, improper management of related-party transactions, and inaccurate financial data. The bureau fined Yongcheng Insurance Asset Management Co., Ltd. 1.2 million yuan and issued warnings and fines totaling 180,000 yuan to Wang Fan, Zhang Yanshu, and Wang Qun.

(State Financial Supervision and Administration Bureau)

(Editor: Qian Xiaorui)

Keywords:

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.