On February 26, the Xianning branch of the People's Bank of China disclosed administrative penalties, revealing that Hubei Tongcheng Rural Commercial Bank Co., Ltd. has been fined 415,000 yuan and issued a warning. The penalties were imposed for violations including breaches of financial statistical management regulations, non-compliance with account management rules, misappropriation of fiscal deposits or funds, providing services and conducting transactions for unidentified clients, and failure to adhere to financial technology management requirements.