On July 29, the branch of Nantong Banking and Insurance Administration announced the administrative penalty for the Nantong branch of Ping an Bank Co., Ltd., the main person in charge of the branch is Qi Shilei.
Penalty information shows that the Nantong Branch of Ping an Bank shares was fined 1.2 million yuan in accordance with Article 46 (5) of the Banking Supervision and Administration Law of the people's Republic of China in accordance with Article 46 (5) of the Banking Supervision and Administration Law of the people's Republic of China.
Employee Wang Kaiyin bears direct management responsibility for the failure to perform the main responsibility of the management body and the imprudent behavior of the employees in Nantong Branch of Ping an Bank. Nantong Banking and Insurance Administration Branch, in accordance with Article 48 of the Banking Supervision and Administration Law of the people's Republic of China, warning and fined 50,000 yuan.
According to Tianyan data, Ping an Bank is a national joint-stock commercial bank (SZ000001) headquartered in Shenzhen. Its predecessor, Shenzhen Development Bank, was the first national joint-stock bank to be publicly listed in mainland China. Ping An Insurance (601318) and its holding subsidiaries are the controlling shareholders of the Bank. By the end of 2019, there were 34253 employees providing a variety of financial services to customers through 91 branches and 1058 business institutions across the country. According to the company's annual report, at the end of 2019, the bank's total assets were 3.93907 trillion yuan, an increase of 15.2 percent over the end of last year; the balance of deposits absorbed was 2.436935 trillion yuan, an increase of 14.5 percent over the end of last year; and the total amount of loans and advances (including discounts) was 2.323205 trillion yuan, an increase of 16.3 percent over the end of last year.
Article 46 of the Law of the people's Republic of China on Banking Supervision and Administration stipulates that a banking financial institution shall be ordered by the banking regulatory authority under the State Council to make corrections in any of the following circumstances, and shall be fined not less than 200000 yuan but not more than 500000 yuan; if the circumstances are especially serious or fail to make corrections within the time limit, it may be ordered to suspend business for rectification or revoke its business license; if the case constitutes a crime, it shall be investigated for criminal responsibility according to law:
(1) appointing directors or senior managers without qualification examination
(2) refusing or obstructing off-site supervision or on-site inspection
(3) providing statements, reports and other documents or materials that are false or conceal important facts
(4) failing to disclose information in accordance with the relevant provisions
(5) seriously violating the rules of prudent operation
(6) refusing to implement the measures provided for in Article 37 of this Law.
Article 48 of the Law of the people's Republic of China on Banking Supervision and Administration stipulates that banking financial institutions violate laws, administrative regulations and relevant state provisions on banking supervision and administration, in addition to punishing them in accordance with the provisions of articles 44 to 47 of this Law, the banking regulatory institutions may also take the following measures according to different circumstances:
(1) to order the banking financial institutions to take disciplinary actions against the directors, senior managers and other persons directly responsible.
(2) if the conduct of a banking financial institution does not constitute a crime, the directors, senior managers and other persons directly responsible shall be given a warning and fined not less than 50, 000 yuan but not more than 500000 yuan
(3) to cancel the qualifications of directly responsible directors and senior managers for a certain period of time up to life, and prohibit directly responsible directors, senior managers and other directly responsible personnel from engaging in banking work for a certain period of time or even life-long.
Nantong Banking and Insurance Administration Branch Administrative penalty Information publicity form
Nantong Banking and Insurance Administration Branch Administrative penalty Information publicity form
(ping an Bank Co., Ltd. Nantong Branch)