<strike id="gegfc"><dl id="gegfc"></dl></strike>
<sub id="gegfc"></sub>

    <mark id="gegfc"></mark>

      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
      中文字幕日韩无线码在线一区_制服肉丝亚洲中文字幕_日韩欧美无砖专区一中文字目_国产精品点击进入在线影院高清
      <strike id="gegfc"><dl id="gegfc"></dl></strike>
      <sub id="gegfc"></sub>
      
      
        <mark id="gegfc"></mark>
          亚洲第一天堂久久 | 日韩中文字幕第二页 | 亚洲免费综合色在线视频 | 中文字幕乱码二区免费 | 这里只有精品99久久 | 伊人精品久久久久中文字幕 |