On February 5, the State Administration of Financial Supervision and Administration issued that a number of institutions were fined, including Hengfeng Bank Hangzhou Branch and China Pacific Property Insurance Company Yangqu Branch! A number of business management was not prudent or inadequate, and Hengfeng Bank Hangzhou Branch was fined 3.8 million yuanHengfeng Bank Hangzhou Branch and a number of relevant persons in charge were fined. The Zhejiang Supervision Bureau of the State Administration of Financial Supervision and Administration fined Hengfeng Bank Co., Ltd. Hangzhou Branch 3.8 million yuan, and warned many people at the same time. The main violations of laws and regulations are that the management of real estate development loans is not prudent, and the loan funds are misappropriated to repay the land payment of the project; The management of fixed asset loans was not prudent, and the loan funds were misappropriated as project capital after the repatriation; Inadequate pre-investment and post-investment management of debt financing plan business; The "three checks" of working capital loans are not in place, and the loan funds flow back and remain in the borrower's account for a long time; Post-loan management is not in place, and working capital loans are misappropriated for the purchase of wealth management; The repatriation of discounted funds is used as a pledge for certificates of deposit, and the business of bank acceptance bills is handled on a rolling basis, and deposits and loans are falsely increased; The management of personal business loans is not in place, and the loan funds are misappropriated to repay housing mortgage loans or purchase houses; Imprudent management of personal housing mortgage loans; Inaccurate loan risk classification. 
Falsely listed expenses to arbitrage funds, and China Pacific Property Insurance Co., Ltd. was fined 190,000 yuanDue to the false listing of expenses to arbitrage funds, the Shanxi Supervision Bureau of the State Administration of Financial Supervision and Administration fined China Pacific Property Insurance Co., Ltd. 190,000 yuan to Yangqu Branch Company, and warned the relevant person in charge at the time and fined 370,000 yuan.
Editor: Xiaomo Review: Muyu.