July 28 news, the Shanghai Banking and Insurance Regulatory Bureau administrative penalty information public table shows that China Merchants BankThe Shanghai Branch of the Co., Ltd. was ordered to correct and fined 1 million yuan for the illegal inflow of some working capital loans into the real estate market in December 2019.
In addition, in December 2019, Li Shuai was warned that he was directly responsible for the illegal inflow of some liquidity loans into the real estate market of China Merchants Bank Shanghai Branch.
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