Sudden! Agricultural Bank of China, Minsheng Bank and other "planted" enterprises | Loans | Agricultural Bank of China

Release time:Apr 15, 2024 01:06 AM

On August 18th, the official website of the State Administration for Financial Regulation released several administrative penalty information. Minsheng Bank, Agricultural Bank of China, Guangfa Bank, China Huarong, and Oriental Asset Management have all been issued large fines for violating relevant regulations, totaling over 130 million yuan.

Minsheng Bank fined 47.8 million yuan

The Administrative Penalty Information Disclosure Form shows that China Minsheng Bank was fined a total of 47.8 million yuan by the State Administration of Financial Supervision for violating Article 21 and Article 46 of the Banking Supervision and Administration Law of the People's Republic of China and relevant prudent business rules. Among them, the head office is 44.3 million yuan, and the branch offices are 3.5 million yuan.

There are a total of 14 main illegal and irregular facts in this bank. Specifically, it includes:

Evading 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 issue of equity pledge management has not been rectified; The issue of insufficient staffing of auditors has not been rectified;

Failure to dispose of relevant cases in accordance with relevant regulations;

Sudden! Agricultural Bank of China, Minsheng Bank and other "planted" enterprises | Loans | Agricultural Bank of China

Failure to include Forfaiting's business in on balance sheet accounting in accordance with regulatory requirements;

The rectification of the consignment pool business model is not in place;

Inadequate rectification of illegal implementation of comprehensive wealth management consignment business;

There are still deviations in the classification results of individual loan risks, and the rectification is not in place;

Loans issued in violation of national macroeconomic regulation policies have not been rectified and recovered;

Insufficient rectification of some normal asset transfer issues;

The transfer of some non-performing assets has not been properly rectified or not rectified;

Failure to hold accountable or inadequate accountability for certain violations.

In addition, Bai Dan, the then Secretary of the Board of Directors of China Minsheng Bank Co., Ltd., was responsible for the failure to rectify the equity pledge management issues of Minsheng Bank and was issued a warning by the State Administration of Financial Supervision.

Agricultural Bank of China fined 44.2 million yuan

The Administrative Penalty Information Disclosure Table shows that Agricultural Bank of China Co., Ltd. has been confiscated of illegal gains and fined a total of 44.20.18 million yuan by the State Administration of Financial Supervision for violating Articles 40 and 74 of the Commercial Bank Law of the People's Republic of China, Articles 21 and 46 of the Banking Supervision and Administration Law of the People's Republic of China, and related prudent business rules. Among them, a fine of 17.609 million yuan was imposed on the head office, illegal gains of 6.009 million yuan were confiscated, and branch offices were fined 26 million yuan.

There are a total of 19 main illegal and irregular facts in this bank. Specifically, it includes:

After the issuance of farmer loans, they flow into real estate enterprises;

Inadequate post loan management for rural personal production and operation loans;

After the issuance of small-scale loans for farmers, they are converted into fixed deposits;

Illegally providing financing to real estate development enterprises;

Illegally issuing working capital loans;

Inappropriate disbursement of renovation loans;

Inappropriate issuance of commercial housing loans;

Illegally issuing credit loans to related parties;

Inaccurate classification of loan risks leads to inaccurate non-performing loan ratios;

Illegally issuing fixed asset loans;

Apply for separate credit for branch company clients who do not have legal personality;

Inadequate unified credit management for group clients;

The loan return is used to repay the bank's loan;

The loan repayment is used to pay the bank guarantee deposit;

The loan return is used for depositing fixed deposits;

Discounted funds flowing back to the issuer;

Credit funds flow into securities accounts;

Inadequate post loan management resulted in the substantial occupation of credit funds by affiliated enterprises;

Small scale poverty alleviation loans for households and enterprises.

Guangfa Bank fined 23.4 million yuan

The administrative penalty information disclosure form shows that Guangfa Bank was fined a total of 23.4 million yuan by the State Administration of Financial Supervision for violating Article 20, Article 21, Article 46 of the Banking Supervision and Administration Law of the People's Republic of China and relevant prudent business rules. Among them, the head office is 5.5 million yuan, and the branch offices are 17.9 million yuan.

There are a total of 14 main illegal and irregular facts in this bank. Specifically, it includes: inaccurate classification of small and micro enterprises; Illegally issuing real estate loans; Illegally issuing working capital loans; Illegally issuing land reserve loans; Illegally issuing loans to enterprises for land reserve projects; Fulfilling the duties of senior management personnel without qualification approval; Not providing unified credit to group customers; The quality of credit assets is not reflected truthfully; Credit funds illegally flow into securities accounts; Loan funds illegally flow back to borrowers; Failure to strictly implement entrusted payments; Falsely increasing the scale of deposits and loans; Credit card overdraft funds flow into real estate development enterprises; The management of merger and acquisition loans is not standardized.

China Huarong fined 14.23 million yuan

The administrative penalty information disclosure form shows that China Huarong Asset Management Co., Ltd. has violated Article 18, Article 19, Article 45 and other provisions of the Banking Supervision and Administration Law of the People's Republic of China by illegally investing in non-public issuance of stocks; Fined 7.1191 million yuan by the State Administration for Financial Regulation, confiscated 7.1191 million yuan of illegal gains, and confiscated a total of 14.2383 million yuan.

Dongfang Asset was fined 5.3 million yuan

The administrative penalty information disclosure form shows that China Eastern Asset Management Co., Ltd. was fined a total of 5.3 million yuan by the State Administration of Financial Supervision for violating Article 21 and Article 46 of the Banking Supervision and Administration Law of the People's Republic of China and relevant prudent business rules. Among them, the head office is 4.3 million yuan, and the branch offices are 1 million yuan.

The main illegal and irregular facts include: providing financing to enterprises under the pretext of acquiring non-performing debts; Non clean acquisition of non-performing debts; Violating regulations to evade concentration supervision through collaborative business within the group.

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

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

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

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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

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. 【

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