Five financial institutions were fined on the same day! Loan | Debt | 5 Companies

Release time:Apr 15, 2024 01:01 AM

On August 18th, the General Administration of Financial Supervision and Administration of China issued six consecutive fines, of which four were confiscated/with fines exceeding ten million yuan.

Three banks were fined on the same day

In the concentrated fines issued this time, three commercial banks were involved: Agricultural Bank of China, Minsheng Bank, and Guangfa Bank. The administrative penalty decisions of the three institutions were: confiscating illegal gains and imposing a total fine of 4420.184584 million yuan, a total fine of 47.8 million yuan, and a total fine of 23.4 million yuan.

Among them, the main illegal and irregular facts of Agricultural Bank of China mainly involve the management of credit disbursement, including the flow of loans from farmers into real estate enterprises, inadequate post loan management of rural personal production and operation loans, conversion of small loans from farmers to fixed deposits, illegal provision of financing to real estate development enterprises, illegal issuance of working capital loans, careless issuance of decoration loans, and careless issuance of commercial housing loans.

The illegal and irregular facts of Minsheng Bank include evading the supervision of entrusted loans and illegally using entrusted debt investment business to finance enterprises; Continuing to issue loans in violation of regulations without rectification and recovery; Inadequate monitoring of financing behavior by government platform companies has led to an increase in government debt; The management issues of equity pledge have not been rectified.

The illegal and irregular facts of Guangfa Bank involve multiple fields such as issuing real estate loans in violation of regulations, issuing working capital loans in violation of regulations, issuing land reserve loans in violation of regulations, issuing loans to enterprises for land reserve projects in violation of regulations, fulfilling senior management responsibilities without qualification approval, providing false feedback on credit asset quality, credit card overdraft funds flowing into real estate development enterprises, and non-standard management of merger and acquisition loans.

AMC violation: circumventing concentration regulation through collaborative business within the group

Among the five financial institutions involved in this concentrated announcement of fines, the other two are China Eastern Asset Management Co., Ltd. and China Huarong Asset Management Co., Ltd.

Among them, China Huarong was fined 711912.65 million yuan and confiscated 711912.65 million yuan of illegal gains for illegally investing in non-public offering stocks, with a total fine of 142382.53 million yuan. Dongfang Asset was fined a total of 5.3 million yuan for providing financing to enterprises under the pretext of acquiring non-performing loans, non clean acquisition of non-performing loans, and violating regulations to evade concentration supervision through collaborative business within the group. Among them, the head office is 4.3 million yuan, and the branch offices are 1 million yuan.

Among the fines released on the same day, there was also an individual involved: Bai Dan, then Secretary of the Board of Directors of China Minsheng Bank Co., Ltd., was warned by the State Administration of Financial Regulation for his responsibility for not rectifying the equity pledge management issues of China Minsheng Bank Co., Ltd.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【