China Economic Net, Beijing, May 9, recently, the China Banking and Insurance Regulatory Commission's website announced the administrative punishment information disclosure form of the China Banking and Insurance Regulatory Commission Shaoxing Supervision Branch (Shao Yin Bao Jian Pu Jue Zi [2022] No. 4), showing that Zhejiang Tailong Commercial Bank Co., Ltd. The Shaoxing Branch of the Company has the following major violations of laws and regulations: 1. Failure to perform due diligence in the “three inspections” of loans, and failure to use the loan funds for the agreed purpose; 2. The management of employee behavior is not in place.

  According to Article 46(5) of the Banking Supervision and Administration Law of the People's Republic of China, the Shaoxing Branch of the China Banking and Insurance Regulatory Commission imposed a fine of RMB 650,000 on Zhejiang Tailong Commercial Bank Co., Ltd. Shaoxing Branch.

  According to a reporter from China Economic Net, Zhejiang Tailong Commercial Bank Co., Ltd. was established on June 6, 2006 with a registered capital of 3 billion yuan.

  Article 46 of the "Banking Supervision and Administration Law of the People's Republic of China" stipulates that if a banking financial institution has any of the following circumstances, the banking regulatory agency of the State Council shall order it to make corrections and impose a fine of not less than 200,000 yuan but not more than 500,000 yuan If the circumstances are particularly serious or corrections are not made within the time limit, it may be ordered to suspend business for rectification or revoke its business license; if a crime is constituted, criminal responsibility shall be investigated according to law:

  (1) Appointing directors and senior managers without qualification examination;

  (2) refusing or hindering off-site supervision or on-site inspection;

  (3) Providing false statements, reports and other documents and materials that conceal important facts;

  (4) failing to disclose information in accordance with regulations;

  (5) Serious violation of the prudent management rules;

  (6) Refusing to implement the measures prescribed in Article 37 of this Law.

  The following is the original text: