Text|Wang Yanqiang
On the first day after the holiday, the financial regulatory authorities issued the first batch of fines for the Year of the Dragon.
On February 18, the penalty information released by the Beijing Supervision Bureau of the State Administration of Financial Supervision showed that four financial institutions, Huaxia Bank Beijing Branch, Yingda International Trust, Shanghai Pudong Development Bank Beijing Branch, and Industrial Bank Beijing Branch, were fined a total of 9.21 million yuan, and many relevant responsible persons of the above institutions were also punished.
The official website of the Beijing Supervision Bureau of the State Financial Regulatory Bureau.
Specifically, Huaxia Bank Beijing Branch was misappropriated due to inadequate management of personal operating loans; Deposit and loan linkage of personal agricultural guarantee loans; The post-loan management of working capital loans is not in place, and the funds are misappropriated; The management of real estate development loans seriously violated the rules of prudent operation; Insurance sales can be retrospectively managed, and the management is not standardized; Insurance ** did not open an independent commission collection account and other 7 major violations of laws and regulations, and was given a warning and a total fine of 4.61 million yuan.
The relevant responsible persons, Yue Qiang, then president of Huaxia Bank's Beijing Shouti Branch, and Liao Weidong, then chief risk officer of Huaxia Bank's Beijing branch, were respectively given warnings and fines of 200,000 yuan. In addition, Jia Fengyuan, then the account manager of Huaxia Bank's Beijing Shouti Branch, and Meng Hui, then deputy general manager of the operation management department, were given warnings and fined 50,000 yuan and 10,000 yuan respectively.
Yingda International Trust was fined a total of 1 million yuan for failing to perform prudent and diligent business, reviewing the authenticity of accounts receivable and failing to monitor funds. Liu Jinzhou, then general manager of the third department of trust business; Wang Tao, then the team leader of the Beijing business team and the asset-based work team, was warned.
According to the WeMoney Research Office, since the beginning of 2024, three trust companies have been subject to regulatory penalties.
Shanghai Pudong Development Bank Beijing Branch was fined 1.5 million yuan for major deficiencies in the risk management and control of cash clearing outsourcing, dereliction of duty in the supervision and inspection of cash clearing outsourcing activities, serious imprudent cash management activities, and three violations of laws and regulations.
The relevant responsible persons, Hong Wei, then vice president of the Beijing branch of Shanghai Pudong Development Bank, Su Xiaoli, then general manager of the operation management department, Zhang Yinghong, then general manager of the operation center, and Yang Yi, then manager of the ATM management team, were fined between 50,000 yuan and 200,000 yuan.
IB Beijing Branch was fined RMB 2.1 million for five violations of laws and regulations, including linking deposits and loans, misappropriation of working capital loans for equity investment, serious violations of prudential business rules in the personal mortgage loan business, incomplete compliance requirements for project financing business, failure to strictly review project capital, and issuance of loans for advance funds in illegal areas.
The relevant responsible persons, Sun Meilin, then general manager of the Fengtaizhong Branch Business Department, Liu Mengyu, then the account manager of the enterprise gold bar line of the Fengtai Central Branch Business Department, Jiao Duo, the then customer manager of the enterprise gold bar line of the Chaoyang Zhongzhi Dongwai Branch, and Du Jianghuan, the then head of the retail business of the Shunyi Branch, were fined 50,000 yuan or warned.