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Chuzhou Sub-branch of Wuxi Bank fined 200,000 for illegal violations before investigation

来源: 中国经济网 January 9, 2020 14:01 source: China Economic Network

China Economic Net, Beijing, January 9th The Huai'an Banking and Insurance Supervision Bureau's administrative penalty information disclosure form (Huaiyin Insurance Supervising Decision [2019] No. 12) released yesterday on the website of the China Banking Insurance Regulatory Commission shows that Co., Ltd. Chuzhou Sub-branch (hereinafter referred to as "Wuxi Bank Chuzhou Sub-branch", "Wuxi Bank", 600908.SH) pre-loan investigation was not in place. Article 46 and Article 27 of the Law of the People's Republic of China on Administrative Penalties provide that a fine of RMB 200,000 shall be imposed on him.

According to the China Economic Network reporter's inquiry, it was found that Chuzhou Sub-branch of Wuxi Bank was established on November 20, 2009, with Wang Yilin as the person in charge. Wuxi Bank was established on June 21, 2005 with a registered capital of 1.848 billion yuan and was listed on the Shanghai Stock Exchange on September 23, 2016. Shao Hui is the legal representative and chairman. As of September 30, 2019, Guolian Trust Co., Ltd. The company is the largest shareholder, holding 166 million shares, with a 9% stake.

Article 46 of the "Banking Supervision and Administration Law of the People's Republic of China" stipulates that the banking financial institution in one of the following circumstances shall be ordered to correct by the banking supervision institution of the State Council and imposed a fine of 200,000 to 500,000 yuan. ; If the circumstances are particularly serious or not corrected within the time limit, they may be ordered to suspend business for rectification or revoke their business license; if a crime is constituted, criminal liability shall be investigated according to law:

(1) appointing directors and senior management personnel without a qualification examination;

(2) Refusing or obstructing off-site supervision or on-site inspection;

(3) Providing documents or materials such as statements or reports that are false or conceal important facts;

(4) Failure to disclose information in accordance with regulations;

(5) Serious violations of prudent operating rules;

(6) Refusing to implement the measures provided for in Article 37 of this Law.

Article 27 of the "Administrative Penalty Law of the People's Republic of China" stipulates that if a party has any of the following circumstances, the administrative penalty shall be lightened or mitigated according to law:

(1) Actively eliminating or mitigating the harmful consequences of illegal acts;

(2) Coerced by others to commit illegal acts;

(3) Cooperating with administrative organs in investigating and prosecuting illegal acts with meritorious performance;

(4) Others that lighten or lighten administrative penalties according to law.

Illegal acts are minor and corrected in a timely manner, without causing harmful consequences, no administrative penalty shall be imposed.

The following is the original text:

(Responsible editor: Sun Chenwei)


China Economic Network statement: Stock market information comes from cooperative media and institutions, is the author's personal opinion, is for investors' reference only, and does not constitute investment advice. Investors do so at their own risk.
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Chuzhou Sub-branch of Wuxi Bank fined 200,000 for illegal violations before investigation

来源:中国经济网 2020-01-09 14 : 01Source : China Economic Net
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