Asia

China’s banking, insurance regulators receive 69,555 complaints Q4 2022

Published

2 years ago

March 21, 2023

Nana Musa

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.

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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Nana Musa

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