On September 18, the Beijing Regulatory Bureau of the China Financial Supervisory Administration issued an administrative penalty information disclosure form showing that Beijing Agricultural Commercial Bank was fined a total of 3.65 million yuan for inaccurate loan risk classification; the “three checks” for working capital loans; uncompliant penetrative use of operating property loans; inadequate impairment accrual and inaccurate valuations; unregulated consumer rights protection; and offenses such as the enterprise bearing the cost of transferring mortgage assessment fees; and the offense, Qin Xiaogang, was warned and fined 50,000 yuan; Xia Ziqi was warned and fined 50,000 yuan.
Zhitongcaijing · 1d ago
Share
Listen to the news
On September 18, the Beijing Regulatory Bureau of the China Financial Supervisory Administration issued an administrative penalty information disclosure form showing that Beijing Agricultural Commercial Bank was fined a total of 3.65 million yuan for inaccurate loan risk classification; the “three checks” for working capital loans; uncompliant penetrative use of operating property loans; inadequate impairment accrual and inaccurate valuations; unregulated consumer rights protection; and offenses such as the enterprise bearing the cost of transferring mortgage assessment fees; and the offense, Qin Xiaogang, was warned and fined 50,000 yuan; Xia Ziqi was warned and fined 50,000 yuan.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending