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.
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