(Beijing Comprehensive News) China State -owned Enterprise CITIC Bank was fined more than 224 million yuan (RMB, Same as S $ 43 million) due to 56 acts such as 56 acts including executive access management).
Comprehensive Xinhua News Agency and Daily Economic News reported that the State Administration of Finance and Administration of China and the People's Bank of China on Friday (December 1) announced a ticket for many financial institutions.Among them, CITIC Bank, Agricultural Bank, Construction Bank, Bank of China, and Xingyin Finance have been fined for more than 300 million yuan because they involved a number of violations.
Among them, CITIC Bank involves 56 major illegal facts, including violation of relevant provisions of executive access management, unsatisfactory loan management, inadequate disclosure of major affiliated transaction information.4.63 million yuan, the branch was fined 67.7 million yuan; the total penalty was over 224 million yuan.At the same time, CITIC Bank has several relevant responsible persons being warned and fined, and some people have been prohibited from working in the banking industry for life.
CITIC Bank responded that the problems involved in the punishment occurred in 2019 and before. The bank has completed the rectification according to regulatory opinions, and the relevant responsible person will be dealt with seriously.Build internal control lines and strengthen comprehensive risk management.
