Chongqing Wulong Rongxing village bank was fined 300000 yuan by Fuling regulatory branch of China Banking and Insurance Regulatory Commission because of its inaccurate loan risk classification and untrue reflection of asset quality

administrative punishment decision document No. fybjfzz [2021] No. 6

name of the punished party personal name Liu Guoqin

Company name: Chongqing Wulong Rongxing Village Bank Co., Ltd

Name of legal representative (principal): Xia Mingzhong

major violations of laws and regulations (cause of action)

administrative punishment shall be in accordance with articles 46 and 48 of the banking regulatory law of the people's Republic of China.

administrative punishment decision 1. Impose a fine of 300000 yuan on the institution; 2。 Give a warning to Liu Guoqin.

name of the authority making the punishment decision Fuling regulatory branch of China Banking and Insurance Regulatory Commission

date of punishment decision December 30, 2021

(Xinhua Finance)

 

- Advertisment -