Recently, the China Insurance Regulatory Commission (CIRC) has issued five consecutive regulatory letters to Pearl River Life Insurance, Shanghai Life Insurance, Sunshine Life Insurance, Bohai Life Insurance, Junkang Life Insurance Company on the operational problems, and requires immediate rectification while banning from related party transactions. Anbound believes that the CIRC's current regulation is mainly to tighten and to take stricter action, and to overkill is inevitable. After this special stage, CIRC should adopt a more balanced approach.