On May 20, according to information from the National Financial Regulatory Administration's Jiuquan Supervision Branch, China Construction Bank Corporation's (CCB) Jiuquan branch was fined 1.8 million yuan for multiple regulatory violations. The penalties were issued due to failures in implementing the "three checks" process in credit business, which resulted in significant losses of credit funds, the improper issuance of financial instruments, and inadequate management of employee conduct.

Concurrently, Zhang Sen, who served as the president of CCB's Jiuquan branch at the time, has been banned from working in the banking industry for life. This sanction was imposed for his involvement in the same violations: inadequate implementation of the "three checks" process leading to major credit fund losses, improper issuance of financial instruments, and insufficient employee conduct management.

Luo Yuliang, who held the positions of corporate business department client manager and deputy head of the Yumen sub-branch at CCB's Jiuquan branch, has also received a lifetime ban from the banking sector. The penalties against him were for failures in the "three checks" process causing significant credit fund losses and inadequate employee conduct management.

Yang Chunnian, the former manager of the small enterprise business department at CCB's Jiuquan branch, has been banned from the banking industry for life. The violations cited include inadequate implementation of the "three checks" process resulting in credit fund losses and insufficient management of employee conduct.

For their roles in the violations involving inadequate "three checks" implementation leading to major credit fund losses and improper issuance of financial instruments, Zhang Weihong, a former senior client manager at the branch, and Chen Xiaofeng, a former assistant president, were each issued a warning and fined 50,000 yuan. Liu Jinwei, a former assistant president and vice president at the branch, received a warning.

Nie Cunshan, a former senior client manager, was warned for failures in the "three checks" process that caused significant credit fund losses. Cui Wenwen, a former client manager in the small enterprise business center, received a warning for inadequate pre-loan investigations that led to credit fund losses.