China Cinda was fined 9.1 million yuan by CBRC for three violations

category:Finance
 China Cinda was fined 9.1 million yuan by CBRC for three violations


In addition, this is not the first time China Cinda has been fined by the regulatory authorities for its acquisition. According to the disclosure form of administrative penalty information published on the official website of the CBRC, on March 29, 2017, China Cinda was subject to batch transfer management of non-performing assets of financial enterprises by the CBRC, due to the fact that it was involved in illegal acquisition of personal loans, acquisition of non-performing assets of financial institutions, acquisition of non-performing assets, failure to notify debtors as required, and provision of implicit guarantee for the investment behavior of peers Article 8 and other provisions of the administrative measures impose a fine of 1.5 million yuan.

Source: tianyancha, editor in charge: Wang Xiaowu, NF