On May 20, the official website of the CBRC showed that Hua Xia Bank Co.Limited(600015) Wuhan Branch and several responsible persons were given administrative punishment by the Hubei regulatory bureau of the CBRC for 12 illegal cases.
According to the punishment information disclosure form, the causes of 12 violations include: the issuance of operating property mortgage loans is not prudent, some loan funds are not used according to the agreed purpose, and the risk classification is inaccurate; Delaying risk exposure by means of loan repayment; Granting loans to borrowers who do not have the qualification of loan subject to collect interest and delay risk exposure; Delaying risk exposure by borrowing new and repaying old loans and extending loans; Loans were diverted to the margin of bank acceptance bills and covered up non-performing loans through restructuring; Failing to implement the conditions for credit approval, issuing working capital loans to real estate enterprises to repay bank acceptance bills and delay risk exposure; Issuing certificates of deposit with loan funds and issuing loans by pledge, falsely increasing the scale of assets and liabilities; The post loan management is not due, and the loan funds are misappropriated to purchase financial management and repay the loans of affiliated enterprises; Due diligence in post loan management, the loan funds return to the borrower’s account; Personal consumer loans flow into the real estate field in violation of regulations; The conditions for granting guaranteed loans to related parties are better than those of similar loans to other borrowers; The credit conditions were not implemented and the investment purpose was not strictly reviewed.
It is reported that Hubei regulatory bureau of China Banking and Insurance Regulatory Commission fined Hua Xia Bank Co.Limited(600015) Wuhan Branch 536244533 yuan, confiscated 136244533 yuan of illegal income, and confiscated 672489066 yuan in total; Hu Haifeng was warned and fined 200000 yuan, Wang Jun was warned and fined 100000 yuan, Zhang Lizhong was warned and fined 50000 yuan, and Li Jiayuan and Tang Hao were warned respectively.
