# Changzhou

China Taiping’s P&C Business Hit with Fourth Regulatory Penalty This Year as Branches Cited for Fraud and Channel Misconduct

China’s National Financial Regulatory Administration has issued its fourth penalty this year against Taiping Property & Casualty Insurance Co., fining multiple local branches for misconduct including falsified financials, illicit agent arrangements and poor channel management. Regulators named branch managers personally responsible, signalling intensified oversight of distribution practices and internal controls across the insurance sector.