On February 10, the Tongren City branch of the People's Bank of China issued an administrative penalty decision against Guizhou Yuping Rural Commercial Bank. The bank was penalized for violations including breaches of financial statistical management regulations, account management rules, merchant management stipulations, network security protocols, counterfeit currency business management requirements, and regulations concerning the collection, provision, and inquiry of credit information. Additionally, the bank failed to conduct proper customer due diligence and provided services to clients with unverified identities.

As a result, the People's Bank of China's Tongren City branch issued a warning to the bank, imposed a fine of 1.3477 million yuan, and confiscated illegal gains amounting to 527.87 yuan.

Furthermore, two individuals responsible for the bank's violations related to credit information collection, provision, inquiry, and associated management regulations were held accountable. Each was fined 11,000 yuan.