On December 3, a disclosure form of administrative penalty information disclosed on the official website of the China Banking and Insurance Regulatory Commission showed that the Beijing Branch of Bank of Jiangsu was fined 4.9 million yuan by the Beijing Banking and Insurance Regulatory Bureau for seven major problems, including the use of improper means to issue loans; the incomplete approval requirements for fixed asset loan projects; the serious negligence of fixed asset loan management; and the imprudent post-loan management leading to the illegal entry of personal consumption loan funds into restrictive fields such as investment.
In addition, the Beijing Banking and Insurance Regulatory Bureau also gave the relevant responsible persons Guo Jinhua and Chen Zhong an administrative penalty of prohibiting them from engaging in banking work for 3 years; gave Gong Yuwei a warning and fined 300,000 yuan; Liu Yunxiang gave a warning and a fine of 200,000 yuan; Xu Feng gave a warning and a fine of 50,000 yuan; and Gave a warning to Yang Jianhui, Ma Ning, and Chen Xiangning. (text| AI Finance & Economics Summer)
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