华夏久盈资产被罚70万元，1人遭10年禁业处罚

Group 1 - The China Banking and Insurance Regulatory Commission (CBIRC) has imposed a fine of 700,000 yuan on Huaxia Jiuying Asset Management Co., Ltd. for illegal activities related to the use of insurance company funds, and Chen Shucui has been banned from the insurance industry for 10 years [1] - This is not the first penalty for Huaxia Jiuying Asset in 2023; in June, the company was fined a total of 2.66 million yuan for false reporting and significant omissions in related party disclosures, among other violations [1] - A total of 25 responsible personnel received warnings, and several key individuals were banned from the insurance industry for varying periods, with some facing lifetime bans [1] Group 2 - Huaxia Jiuying Asset was established in May 2015 and is the 21st insurance asset management company approved by the former China Insurance Regulatory Commission [1] - In July 2020, the former CBIRC took over four insurance institutions, including Huaxia Life Insurance, for a one-year period, which was later extended for another year [2] - Huaxia Life Insurance is the largest among the four institutions under supervision, and its risk management has been closely monitored by the market [3] - In November 2023, Ruizhong Life Insurance was approved to acquire Huaxia Life's insurance business and related assets, marking the end of Huaxia Life's risk management phase [3] - Following the acquisition, Huaxia Jiuying Asset's ownership changed, with Ruizhong Life holding 99% of the shares, and the company has postponed its 2024 annual report due to ongoing risk management [3]