Due to providing false reports, Everbright Insurance Zhengzhou Branch was fined a total of 850,000 yuan.

On April 30, the Henan Regulatory Bureau of the China Banking and Insurance Regulatory Commission announced administrative penalties. Yongan Property Insurance Co., Ltd. Zhengzhou Branch was fined 630,000 yuan for preparing or providing false reports, statements, documents, and materials; and using insurance business to make improper profits for other institutions or individuals. Song Yihang, the former assistant general manager of Yongan Insurance Zhengzhou Branch, was warned and fined 140,000 yuan for preparing or providing false reports, statements, documents, and materials; and using insurance business to make improper profits for other institutions or individuals. Xing Wangqi, the former deputy general manager of Yongan Insurance Zhengzhou Branch, was warned and fined 80,000 yuan for preparing or providing false reports, statements, documents, and materials.