Zhongxin Jingwei, April 24 According to the website of the State Administration of Financial Supervision and Administration on the 24th, Jiangxi Hukou Rural Commercial Bank was fined 1.3 million yuan for failing to perform due diligence in collateral investigation, and the four responsible persons were warned and fined 50,000 yuan respectively.
According to the administrative penalty decision with the document number Xun Jin Jian Zhi Zi [2024] No. 27, the main facts of violations of laws and regulations of Jiangxi Hukou Rural Commercial Bank Co., Ltd. are: failure to perform due diligence in collateral investigation, illegal issuance of loans without cancellation of credit lines, issuance of loans without implementing credit approval conditions, and inflow of credit funds into the real estate sector.
In accordance with Articles 21 and 46 of the Banking Supervision Law of the People's Republic of China, the Jiujiang Supervision Branch of the State Administration of Financial Supervision and Administration made a penalty decision on the bank: a fine of 1.3 million yuan.
Source: State Administration of Financial Supervision and Administration website (the same below)
In addition, the administrative penalty decision with the document number Xun Jin Jian Zhi Zi [2024] No. 28 shows that Wu Bin (then the general manager of the business department of Jiangxi Hukou Rural Commercial Bank Co., Ltd.) was responsible for the illegal issuance of loans by Jiangxi Hukou Rural Commercial Bank Co., Ltd. without canceling the credit line, and was warned and fined 50,000 yuan.
According to the administrative penalty decision with the document number Xun Jin Jian Penalty Decision Zi [2024] No. 29, Fan Shaohua (then president of the Chaoyang Branch of Jiangxi Hukou Rural Commercial Bank Co., Ltd.) was responsible for Jiangxi Hukou Rural Commercial Bank Co., Ltd.'s failure to implement the credit approval conditions for issuing loans and the inflow of credit funds into the real estate field, and was warned and fined 50,000 yuan.
According to the administrative penalty decision with the document number Xun Jin Jian Penalty Decision Zi [2024] No. 30, Hu Long (then the general manager of the credit department of Jiangxi Hukou Rural Commercial Bank Co., Ltd.) was responsible for Jiangxi Hukou Rural Commercial Bank Co., Ltd.'s failure to implement the credit approval conditions for issuing loans, and was warned and fined 50,000 yuan.
According to the administrative penalty decision with the document number Xun Jin Jian Penalty Decision Zi [2024] No. 31, Li Qing (then president of the Yingbin Branch of Jiangxi Hukou Rural Commercial Bank Co., Ltd.) was responsible for the failure to perform his duties in the collateral investigation of Jiangxi Hukou Rural Commercial Bank Co., Ltd., and was warned and fined 50,000 yuan.
Source: Sino-Singapore Jingwei APP