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Home Foreign

China’s banking, insurance regulators receive 69,555 complaints

China

The Matters Press by The Matters Press
March 21, 2023
Reading Time: 1 min read
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CIIN president tasks Insurance directors on manpower development

The number of consumer complaints received by the China Banking and Insurance Regulatory Commission and its local bureaus stood at 69,555 in the fourth quarter (Q4) of 2022.

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The commission said on Tuesday that the number of cases involving credit card service reached 29,981 in the period, accounting for 43.1 per cent of the total, while registered cases involving personal loan businesses hit 28,545.

In Q4 2022, the commission and its local bureaus received 22,189 consumer complaints against China’s insurance companies, while cases related to life insurers totaled 14,500.

The commission vowed to better handle these complaints and provide improved services in a bid to protect the legitimate rights and interests of consumers.

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