A clean-up with real teeth
The sale lands amid a broader regulatory reckoning. China’s National Financial Regulatory Administration has scheduled comprehensive on-site inspections of five major insurers in 2026 – Ping An Life, PICC Property and Casualty, PICC Pension, Taiping Pension, plus a follow-up at Taikang – alongside nine asset managers, Caixin reported in March. These aren’t routine check-ins: previous NFRA rounds have produced multimillion-yuan fines for inaccurate reporting and unapproved sales practices, and Ping An Life’s inclusion comes seven years after its last review, following a rise in consumer complaints regulators have linked to its decentralised branch structure.
