Regulators fined two branches of China Zheshang Bank (SHA:601916, HKG:2016) for several violations, The Paper reported Monday.
The bank's Shanghai branch received a 16.8-million-yuan fine for misclassification of small and micro enterprises, irregular credit operations, inflated deposits and loans, and non-compliance in trade financing and asset management, according to the report.
China Zheshang Bank's Chongqing branch was fined 1.7 million yuan for violations that include improper loan management, unreasonable deposit requirements and poor employee oversight, The Paper wrote.
Several executives also received warnings and fines for their roles in these infractions, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。