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Ping An Insurance Group Co Of China Ltd's Subsidiary Receives Administrative Penalties


Monday, 14 Oct 2013 08:00pm EDT 

Ping An Insurance Group Co Of China Ltd announced that its subsidiary, Ping An Securities, has received an administrative penalties order from China Securities Regulatory Commission. The business revenue of RMB 25.55 million in an initial public offering project of Ping An Securities was confiscated by China Securities Regulatory Commission, and also was fined RMB 51.10 million. In addition, its sponsorship business was ordered to suspend for three months. 

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