Pingxiang Branch Fined 1.07 Million Yuan for Illegal Lending? Jiangxi Bank Faces Three Penalties at Year Start

China Economic Net Beijing, March 24 — The website of the State Financial Supervision and Administration recently published the administrative penalty disclosure form of the Pingxiang Regulatory Branch, showing that Jiangxi Bank Co., Ltd. Pingxiang Branch and related responsible persons failed to properly manage loans and issued personal loans in violation of regulations. The Pingxiang Regulatory Branch of the State Financial Supervision and Administration fined Jiangxi Bank Co., Ltd. Pingxiang Branch 700,000 yuan; warned and fined a total of 100,000 yuan to responsible persons Liu Xiaolei and Xu Bo; warned responsible persons Yang Qiwang and Liu Kongyi.

The administrative penalty disclosure form published by the Jiangxi Regulatory Bureau on the website of the State Financial Supervision and Administration on February 25 shows that Jiangxi Bank Co., Ltd. and Nanchang Yingbin Avenue Branch of Jiangxi Bank Co., Ltd. were fined a total of 700,000 yuan. Jiangxi Bank Co., Ltd. and related responsible persons failed to properly manage loans. The Jiangxi Regulatory Bureau of the State Financial Supervision and Administration fined Jiangxi Bank Co., Ltd. 300,000 yuan; warned Ouyang Pinhua and Chen Yong respectively. The Nanchang Yingbin Avenue Branch of Jiangxi Bank Co., Ltd. and related responsible persons did not strictly verify the authenticity of trade backgrounds in bank acceptance bill transactions. The Jiangxi Regulatory Bureau of the State Financial Supervision and Administration fined the Nanchang Yingbin Avenue Branch of Jiangxi Bank Co., Ltd. 400,000 yuan; warned Wanjun Ying and Fan Bo, and fined a total of 130,000 yuan.

The administrative penalty disclosure form released by the Fuzhou Regulatory Branch on the website of the State Financial Supervision and Administration on January 21 shows that Guangchang Nanyin Village Bank Co., Ltd. and related responsible persons committed the following illegal acts: illegal handling of counter services. The Fuzhou Regulatory Branch of the State Financial Supervision and Administration decided to fine Guangchang Nanyin Village Bank Co., Ltd. 200,000 yuan; warned Wu Zhipeng and Chen Dengfu.

Jiangxi Bank (01916.HK) financial report shows that Guangchang Nanyin Village Bank Co., Ltd. (“Guangchang Nanyin”) was established in Fuzhou City, Jiangxi Province, on December 30, 2013, with a registered capital of 50 million yuan. The main business of Guangchang Nanyin is providing corporate and retail banking services. As of December 31, 2024, Jiangxi Bank owns a 30.00% stake in Guangchang Nanyin (December 31, 2023: 30.00%). Tianyancha business information shows that Jiangxi Bank is the largest shareholder of Guangchang Nanyin Village Bank Co., Ltd., holding 30%.

(Edited by: Zhang Xiaobo)

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