国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Banking regulator fines Shanghai Pudong Development Bank branch for malpractice

Source: Xinhua| 2018-01-20 21:47:04|Editor: Chengcheng
Video PlayerClose

BEIJING, Jan. 20 (Xinhua) -- China's top banking regulator has fined a Chengdu branch of Shanghai Pudong Development Bank (SPA) 462 million yuan (about 72.19 million U.S. dollars) for offering huge credit to bogus firms, as part of the country's latest crackdown on financial irregularities.

The head of the Chengdu branch will be banned from working in the banking sector for life, according to the China Banking Regulatory Commission (CBRC).

The SPDB branch was found to have offered credit worth 77.5 billion yuan to 1,493 bogus firms via illegal means in a bid to cover bad loans.

The organized malpractice reveals poor inner regulation, low sense of compliance and over-the-top focus on business expansion, according to the CBRC.

Local banking regulatory officials and SPDB senior management were also punished for their negligence of duty.

Last month, China Guangfa Bank was fined 722 million yuan for offering illegal guarantees for defaulted corporate bonds.

Risk control will be strengthened in interbank activities, financial products and off-balance sheet business, while violations in corporate governance, property loans, disposal of non-performing assets, and other key areas will also face stricter punishment, the CBRC announced last week.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369112441
主站蜘蛛池模板: 达尔| 阳西县| 天峻县| 文昌市| 梅州市| 和田市| 胶南市| 普兰店市| 门头沟区| 永宁县| 响水县| 山丹县| 滨州市| 五台县| 甘泉县| 鄱阳县| 仪陇县| 朝阳县| 灵川县| 墨脱县| 呼伦贝尔市| 荣成市| 嘉黎县| 宁蒗| 金坛市| 华安县| 章丘市| 象山县| 嘉祥县| 随州市| 灵川县| 昔阳县| 洪洞县| 绿春县| 宜章县| 隆德县| 宁阳县| 白银市| 龙陵县| 崇明县| 健康|