China News Service, September 4th. According to the website of the China Banking and Insurance Regulatory Commission, in the early stage, the China Banking and Insurance Regulatory Commission severely investigated and dealt with a number of violations of laws and regulations. China Minsheng Bank Co., Ltd. (hereinafter referred to as Minsheng Bank) and Zheshang Bank Co., Ltd. (hereinafter referred to as Zheshang Bank), China Guangfa Bank Co., Ltd. (hereinafter referred to as China Guangfa Bank), Hua Xia Bank Co., Ltd. (hereinafter referred to as Hua Xia Bank), China Huarong Asset Management Co., Ltd. (hereinafter referred to as Huarong Company) and many other financial institutions and Relevant responsible personnel made administrative punishment decisions in accordance with the law, with a total penalty amount of 320 million yuan.
In response to multiple violations of laws and regulations, such as providing financing for real estate companies' payment of land transfer fees by Minsheng Bank and financing real estate projects with incomplete "four certificates", the China Banking and Insurance Regulatory Commission fined the bank a total of 107.8294 million yuan in accordance with the law, and imposed responsibilities on 8 people. The officers were given a warning and imposed an administrative penalty of 50,000 yuan.
In response to a number of violations of laws and regulations by Zheshang Bank through the illegal sale of wealth management products, the bank’s assets were falsely released, and the inter-bank investment accepted financial institutions’ repurchase commitments, etc., the China Banking and Insurance Regulatory Commission fined the bank 101.2 million yuan in accordance with the law and imposed a fine on 7 persons responsible Give warnings up to warnings and impose an administrative penalty of 300,000 yuan.
In response to a number of violations of laws and regulations, such as the issuance of wealth management products to invest in equity assets by China Guangfa Bank to unqualified individual investors, and the issuance of credit loans to related parties, the China Banking and Insurance Regulatory Commission fined the bank a total of 92,830,600 yuan in accordance with the law, and awarded one person responsible for it Warning and an administrative penalty of 50,000 yuan.
In response to Hua Xia Bank’s inadequate implementation of internal control systems, major hidden risks in the production system and more serious consequences, the China Banking and Insurance Regulatory Commission fined the bank 1.1 million yuan in accordance with the law and imposed a fine on one responsible person (who has been sentenced ) An administrative penalty of life-long ban on business shall be given, and the 6 responsible persons shall be given a warning up to a warning and a fine of 100,000 yuan shall be imposed.
The China Banking and Insurance Regulatory Commission fined the company 20.4 million yuan in accordance with the law in response to Huarong’s illegal acquisition of personal loans and illegal acquisition of non-performing assets of financial institutions, and issued a warning and fined 50,000 yuan to two responsible persons. Administrative penalties.
This administrative penalty is mainly based on the violations of laws and regulations discovered by the Commission on the on-site inspection of some of the commercialized businesses of Huarong Company in the early stage. The relevant facts involved in the serious violation of laws and disciplines by Lai Xiaomin will be dealt with separately by the competent authorities.
In the above-mentioned administrative penalty cases, the China Banking and Insurance Regulatory Commission continued to maintain a high-pressure posture of penalties and accountability for violations of laws and regulations. It focused on key areas of financial risk such as real estate financing, shadow banking, and cross-financial business, and urged relevant institutions to improve corporate governance and supplement Take advantage of internal control weaknesses and fill up compliance loopholes.
In the next step, the China Banking and Insurance Regulatory Commission will carry out the "look back" work to rectify market chaos, continue to seriously investigate and deal with all kinds of violations of laws and regulations, and prevent chaos from rebounding.
The China Banking and Insurance Regulatory Commission will continue to coordinate the prevention and control of the epidemic and serve economic and social development in accordance with the decisions and deployments of the Party Central Committee and the State Council, and fight for the prevention and resolution of major financial risks.