Chongqing rural commercial bank was fined 800000 for misappropriation of credit funds

According to the official website of the China Banking and Insurance Regulatory Commission, the information disclosure form of administrative punishment published by Chongqing banking and Insurance Regulatory Bureau of the China Banking and Insurance Regulatory Commission (Yu Yin Bao Jian FA Jue Zi [2022] No. 5) shows that Chongqing Rural Commercial Bank Co.Ltd(601077) was misappropriated due to credit funds; If an individual’s operating loan is not entrusted for payment as required, Chongqing banking and Insurance Regulatory Bureau will impose a fine of 800000 yuan on him in accordance with Article 46 of the banking regulatory law of the people’s Republic of China. The punishment date is January 25, 2022.