RecentlyThe central bank and the State Administration of Financial Supervision and Administration have successively announced a series of fines, totaling more than 20It involves a number of banks and wealth management subsidiaries. These fines show the strengthening of the supervision of the financial industry and the importance of market discipline.
In this storm of fines, the banks that were penalized included China CITIC Bank, China Construction Bank, Agricultural Bank of China, etc., and the penalties involving wealth management subsidiaries also appeared for the first time. According to public reports, the violations were mainly concentrated in loan-related business, poor management of internal personnel, and real estate-related business.
confiscation of illegal gains and fines totaling 3,791879382 million yuan. Among them, the head office is 2041879382 million yuan, and 17.5 million yuan for branches.
Confiscation of illegal gains37340315 million yuan, a fine of 366420,000 yuan
A total of 22,475 were confiscated180,000 yuan, of which 15,242 was fined to the head office of China CITIC Bank590,000 yuan, confiscation of illegal gains 462590,000 yuan, and a fine of 67.7 million yuan was imposed on the branch.
confiscation of illegal gains and fines totaling 2,71097.38 million yuan. Among them, the head office is 57097.38 million yuan, and 21.4 million yuan for branches
According to the State Administration of Financial Supervision and Administration, the punishment is in accordance with the "Banking Supervision Law of the People's Republic of China", "Commercial Bank Law of the People's Republic of China" and other laws and regulations. Specifically, these banks have serious deficiencies in loan approval, risk control, internal management, etc., and some banks even lend money even though they know that the purpose of the loan is illegal, exposing their irresponsibility in loan management.
At the same time, the penalized wealth management subsidiaries were also involved in a variety of violations, including benefit transfer, high-liquidity asset violations, etc. These acts seriously violated the rules and regulations of the financial market and caused serious damage to the rights and interests of investors.
In this case, the amount of fines that the fined unit needs to pay is huge。Among them, the head office of China CITIC Bank was fined 22.4 billion yuan, and a number of other banks and wealth management subsidiaries were also fined heavily. This shows that the regulator has zero tolerance for violations of financial regulations, and also reflects the importance of market discipline.
In order to prevent the recurrence of similar incidents, we recommend that enterprises pay more attention to complying with financial regulatory regulations, strengthen internal risk control, and improve employees' compliance awareness.
Enterprises should be fully awareThe importance of complying with financial regulatory requirements. Only by complying with relevant laws and regulations can enterprises survive and develop in the financial market for a long time. Businesses should:Establish and improve the internal risk control mechanismStrengthen the supervision and management of loan approval, risk control and other links. The management and training of employees should also be strengthenedHigh compliance awareness and business quality of employees.
In addition, regulators should also strengthen daily supervision and on-site inspections of financial institutions. Violations found should be dealt with seriously to maintain the fairness and order of the financial market. At the same time, the regulatory authorities should also strengthen the education and protection of investors, and improve investors' risk awareness and self-protection capabilities.
Overall, this fine incident reminds financial institutions to strictly abide by financial regulatory regulations and strengthen internal management. For investors, it is more important to raise risk awareness and make rational investment decisions. The regulatory authorities should continue to strengthen the supervision of financial institutions to ensure the healthy and stable development of the financial market.