Serious violation of real estate credit policy, Qingdao Bank was fined 1.6 million yuan

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 Titanium Media App reported on July 13 that on July 12, the Qingdao Banking and Insurance Regulatory Bureau issued 6 fines, targeting Bank of Qingdao Co., Ltd. Shibei Sub-branch, Laixi Sub-branch, Port Sub-branch and their relevant responsible persons. According to Article 46 of the "Banking Supervision and Administration Law of the People's Republic of China", the Qingdao Banking and Insurance Regulatory Bureau imposed a fine of RMB 400,000 on Shibei Sub-branch and Laixi Sub-branch of Bank of Qingdao Co., Ltd., and a fine of 800,000 yuan on the port sub-branch. According to Article 48 of the "Banking Supervision and Administration Law of the People's Republic of China", Xu Hong, Gaibo and Sun Gang were given a warning. (Source: Interface News)

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