Due to the inaccurate financial data, Du Bang Insurance Jiangmen Branch was fined a total of 110,000 yuan.
On July 16, the administrative penalty information released by the Jiangmen Regulatory Branch of the China Banking and Insurance Regulatory Commission showed that Du Bang Property Insurance Co., Ltd. Jiangmen Center Branch was fined 100,000 yuan for falsifying financial business data. Feng Xiaodong, the deputy general manager of the company at the time, was warned and fined 10,000 yuan.
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