According to the administrative penalty disclosure from the Wenzhou Supervisory Sub-bureau of the National Financial Regulatory Administration, China Zheshang Bank Co.,Ltd. Wenzhou Branch has been fined 1.35 million yuan for inadequate loan "three checks" procedures and imprudent financial product sales practices. Additionally, Chen Yifan, Zhou Hui, and Zhang Cen received warnings for violations including inadequate loan "three checks", imprudent financial product sales behavior, and non-compliant performance evaluation indicator settings.
The detailed penalty information is as follows:
| No. | Entity Name | Main Violations | Administrative Penalty | Decision Authority | |-----|-------------|-----------------|------------------------|-------------------| | 1 | China Zheshang Bank Co.,Ltd. Wenzhou Branch and Related Responsible Persons | Inadequate loan "three checks"; Imprudent financial product sales behavior; Non-compliant performance evaluation indicator settings | Fine of 1.35 million yuan imposed on China Zheshang Bank Co.,Ltd. Wenzhou Branch; Warning issued to Chen Yifan; Warning issued to Zhou Hui; Warning issued to Zhang Cen | Wenzhou Supervisory Sub-bureau of the National Financial Regulatory Administration |
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