On September 16, the Shanghai Financial Supervisory Authority issued an administrative penalty information disclosure form showing that Yongcheng Property Insurance Co., Ltd. was warned and fined 1.47 million yuan for operating insurance business offsite, failure to use approved or filed insurance premiums in accordance with regulations, poor internal control of insurance business, and poor management of Yijian Insurance's underwriting authority.

On September 16, the Shanghai Financial Supervisory Authority issued an administrative penalty information disclosure form showing that Yongcheng Property Insurance Co., Ltd. was warned and fined 1.47 million yuan for operating insurance business offsite, failure to use approved or filed insurance premiums in accordance with regulations, poor internal control of insurance business, and poor management of Yijian Insurance's underwriting authority.