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Beijing Branch of Agricultural Development Bank was fined for illegal activities

来源: 中国经济网 January 9, 2020 14:02 source: China Economic Network

China Economic Net, Beijing, January 9-The Bank of China Insurance Regulatory Commission's website released the Beijing Banking and Insurance Regulatory Bureau's administrative penalty information disclosure form (Jingyin Insurance Supervision Decision [2019] No. 62) showing that the Agricultural Development Bank of China Beijing Branch Without the approval of the supervisory authority, the three senior executives of the proposed branch were authorized to perform their duties in advance. The Beijing Banking and Insurance Regulatory Bureau, in accordance with Article 47 of the "Administrative Measures for the Qualifications of Directors (Directors) and Senior Management of Banking Financial Institutions" Article 46 of the Banking Supervision and Administration Law of the People's Republic of China stipulates that it was ordered to correct and a fine of 200,000 yuan was imposed.

The China Economic Network reporter found that the Beijing Branch of the Agricultural Development Bank of China was named "China Agricultural Development Bank Beijing Branch" on August 29, 1995, with a registered capital of 500 million yuan and Zhou Guijuan as the person in charge.

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 47 of the “Administrative Measures for the Qualifications of Directors (Directors) and Senior Managers of Banking Financial Institutions” stipulates that if a financial institution violates these regulations in one of the following circumstances, the supervisory authority may Article 46, Article 47 and Article 48 of the Law punish them:

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

(2) failing to make timely adjustments to the positions of the persons whose qualifications have been terminated;

(3) appointing persons who do not have corresponding qualifications under other titles, and authorizing them to actually perform the functions of directors (directors) and senior management personnel;

(4) submitting false application qualifications or intentionally concealing relevant information;

(5) The departure audit report submitted is seriously inconsistent with the facts;

(6) Failing to report the reportable situations stipulated in these Measures.

The following is the original text:

(Responsible editor: Sun Chenwei)


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Beijing Branch of Agricultural Development Bank was fined for violation of law

来源:中国经济网 2020-01-09 14 : 02Source : China Economic Net
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