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Anshun Xixiu Fumin Village and Township Bank Fined 300,000 Yuan, Chairman Warned
Blue Whale News, March 10 — Recently, the Anshun Regulatory Branch of the China Banking and Insurance Regulatory Commission issued a penalty notice targeting Anshun Xixiu Fumin Village Bank Co., Ltd. and its responsible persons.
The penalty notice states that the main violation by Anshun Xixiu Fumin Village Bank Co., Ltd. is issuing new loans to repay already written-off loans.
In response to these violations, the Anshun Regulatory Branch of the China Banking and Insurance Regulatory Commission fined the bank 300,000 yuan; and issued a warning to Zhou Chaoyang, Chairman of Anshun Xixiu Fumin Village Bank Co., Ltd.