The information disclosure of administrative penalty information issued by the Shenzhen Insurance Regulatory Bureau’s official website on February 25th showed that the China Zheshang Bank Co.Ltd(601916) Shenzhen branch had the main illegal facts of “before the loan investigation is not in due diligence, the loan funds are misappropriated”, and the Shenzhen Insurance Regulatory Bureau fined 400 thousand yuan.
Source: Official Website of Shenzhen banking and Insurance Regulatory Bureau.
According to the information on the official website of China Zheshang Bank Co.Ltd(601916) , the bank officially opened on August 18, 2004. China Zheshang Bank Co.Ltd(601916) Shenzhen Branch opened in 2010.
