On December 16, the Shanghai Financial Supervisory Authority issued an administrative penalty information disclosure form showing that Tan Haitao, then general manager of Shidai Property Insurance Co., Ltd., was warned and fined 100,000 yuan for providing application materials containing false information.

On December 16, the Shanghai Financial Supervisory Authority issued an administrative penalty information disclosure form showing that Tan Haitao, then general manager of Shidai Property Insurance Co., Ltd., was warned and fined 100,000 yuan for providing application materials containing false information.