The top note of the information disclosure of the administrative penalty information released by the Ningbo Insurance Regulatory Commission revealed that in April 21st, China Construction Bank Corporation(601939) Ningbo branch was not strict in auditing the loan of real estate development, and did not release development loans according to the actual progress of the project. The credit funds went into the real estate field illegally, and the loan investigation was not fulfilled, loan funds were misappropriated, the insurance agency business management was not standardized, and the monitoring data were inaccurate. He was fined 2.6 million yuan.
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