Zhongxin Jingwei, December 29 - On the 29th, the administrative penalty information disclosure table disclosed by the State Administration of Financial Supervision showed that China Orient Asset Management Co., Ltd. (hereinafter referred to as "China Orient") head office and related branches were fined a total of 18.1 million yuan.
*: State Administration of Financial Regulation.
Specifically, China Oriental was involved in 14 violations of laws and regulations: imprudent credit extension of large customers led to major risks;Derecognition of financial assets in violation of regulations;Helping subsidiary banks cover up non-performing assets through internal transactions and related party transactions;False rectification, and continue to provide a channel for the false off-balance sheet of non-performing loans of affiliated banks;Illegal bulk acquisition of personal non-performing loans;Non-gold acquisitions without real transfer of assets;Acquisition of normal assets of non-financial institutions;Financing the enterprise through the acquisition of untrue creditor's rights;Acquisition of non-non-performing loans of non-financial institutions;Financing real estate projects in violation of regulations;Financing for the payment of land transfer fees to real estate enterprises;Illegal issuance of land reserve loans;Failure to perform due diligence in pre-investment investigations leads to risks and cases that result;Failure to perform due diligence in the buyer's investigation of the acquisition and disposal of non-performing asset packages.
In accordance with Articles 21 and 46 of the Banking Supervision Law of the People's Republic of China and relevant prudential business rules, the State Administration of Financial Supervision and Administration fined China Oriental 10.6 million yuan and 7.5 million yuan to relevant branches, with a total fine of 18.1 million yuan.
In addition, Wang Xiaoguang (then general manager of China Orient Asset Management Co., Ltd.'s Heilongjiang Provincial Branch) was responsible for the risk caused by the failure to perform his duties in the pre-investment investigation and formed the case, and the State Administration of Financial Supervision warned him and fined him 100,000 yuan.
He Dongmei (then head of the Heilongjiang branch of China Orient Asset Management Co., Ltd.), who was responsible for the risk caused by the failure to perform his duties in the pre-investment investigation and formed the case, was warned by the State Administration of Financial Regulation.
Lv Qingyu (then the account manager of China Orient Asset Management Co., Ltd.*** Shandong Branch) was responsible for the failure to investigate the buyer of the acquisition and disposal of non-performing asset packages, and the State Administration of Financial Supervision warned him.
Shi Shuang, then the general manager of the investment (investment banking) department of China Orient Asset Management Co., Ltd., was responsible for the major risks caused by the imprudent credit extension of large customers, and the State Administration of Financial Supervision warned him and fined him 100,000 yuan.
Hu Xuemei, then a senior manager of the investment (investment banking) department of China Orient Asset Management Co., Ltd., was responsible for the major risks caused by the imprudent credit extension of large customers, and the State Administration of Financial Supervision warned her and fined her 100,000 yuan.
According to the information on the official website of China Oriental, as of the end of 2022, the company's total assets reached 1,247.9 billion yuan, with a total of 26 branches across the country, covering non-performing asset management, insurance, banking, ** trust, credit rating and overseas business, etc., with a total of more than 50,000 employees. (Zhongxin Jingwei app).
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