China News Agency, Beijing, May 31 (Reporter Wang Enbo) The China Banking and Insurance Regulatory Commission announced on May 31 the fifth batch of shareholders with major violations of laws and regulations. Illegal and illegal acts such as gang-related crimes and other crimes.
The China Banking and Insurance Regulatory Commission stated that violations of shareholder equity and related party transactions are the main manifestations of market chaos in the banking and insurance industry, and are one of the important sources of financial risks.
Since 2019, the department has disclosed to the public 81 shareholders of major violations of laws and regulations of banking and insurance institutions, which has played a good role in strengthening market discipline and strengthening market supervision.
In order to continue to play a role in deterring and punishing, and further regulate the behavior of shareholders of banking and insurance institutions, the China Banking and Insurance Regulatory Commission disclosed to the public the fifth batch of 43 shareholders with major violations of laws and regulations, including Henan Caiyuan Industrial Co., Ltd., Beijing Luming Weiye International Trading Co., Ltd., 28 institutions and 15 individuals including Wuhan Central Business District Co., Ltd.
The China Banking and Insurance Regulatory Commission stated that the violations of the laws and regulations announced by shareholders this time mainly include: the source of capital investment does not comply with regulatory requirements; illegal holding of shares in banking and insurance institutions; concealment of affiliated relationships; Related parties misappropriated and occupied funds in violation of regulations; illegally pledged their holdings for financing; illegally arranged for personnel who have not been approved for their qualifications to actually perform their duties as directors and executives; refused to make rectifications in accordance with regulatory opinions;
The China Banking and Insurance Regulatory Commission emphasized that it will continue to strengthen supervision, improve the shareholder supervision system and mechanism, strictly enforce shareholder access, tighten shareholder responsibilities, strengthen shareholder restraint, optimize equity structure, and severely crack down on illegal shareholding, manipulation of institutions to operate normally, and use of affiliated transactions to conduct business. Prominent chaos such as interest transfer, increase the education, punishment and public disclosure of illegal and illegal shareholders, further increase the cost of illegal and illegal shareholders, effectively improve the corporate governance level of banking and insurance institutions, and enhance the ability to prevent and resolve financial risks.
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