Wang Xia, member of the Party committee of Anhui agricultural credit system, was investigated

category:Finance
 Wang Xia, member of the Party committee of Anhui agricultural credit system, was investigated


On June 10, Bao Xueqi, former Secretary of the Party committee and chairman of Anhui Fengtai rural commercial bank, was suspected of serious violations of discipline and was subject to discipline review and supervision investigation. During Bao Xueqis term as chairman of the board of directors, Anhui Fengtai agricultural and commercial bank was fined for many times: in November 2018, Fengtai agricultural and commercial bank was fined 360 thousand yuan by Huainan banking and insurance regulatory branch due to inadequate internal control and management; in April 2019, due to improper loan management and credit risk accumulation, it was fined 300 thousand yuan; in April this year, due to illegal use of channel business to finance to government platform enterprises and violations Anhui Fengtai agricultural commercial bank was fined 300000 yuan by Huainan Branch of Bank of China Insurance Regulatory Commission for illegal purchase of private funds.

On May 12, Zhang Shaoxin, former Secretary of the Party committee and chairman of the board of directors of Anhui Bengbu agricultural and commercial bank, was suspected of serious violations of discipline and was undergoing disciplinary review and supervision investigation.

It is worth noting that on April 12, Chen Peng, former Secretary of the Party committee and director general of Anhui Rural Credit Union, was suspected of serious violations of discipline and was undergoing discipline review and supervision investigation.

According to the reporters inquiry, in December 2019, Anhui Province Associated Press received 8 tickets in a row and was fined 5 million yuan by Anhui banking and Insurance Regulatory Bureau.

According to the Anhui banking and Insurance Regulatory Bureau, there are 13 major violations (causes of action) in Anhui associated press. 1u3001 In a disguised way, it takes up the clearing funds of the member institutions; 2. It misappropriates the bonds of the member institutions to carry out the pledge type positive repo business; 3. It illegally accepts the entrusted investment bonds business of the member institutions that fail to meet the minimum regulatory rating requirements; 4. It illegally accepts the entrustment of the member institutions that do not have the investment qualification and have insufficient funds of its own to invest in the universal insurance products of Huaxia life; 5. It misappropriates the bonds of the member institutions to carry out the pledge type positive repo business; 5 Six, illegal holding of bonds to assist Linquan agricultural commercial bank to evade regulatory requirements; seven, to help an agricultural commercial bank to list investment bonds in the form of time deposit + buyout reverse repurchase; eight, to misappropriate the proceeds of capital business to purchase fixed assets, and the purchase and construction of fixed assets is a large amount of project expenditure without the deliberation of the members Congress 9. Violating the principle of capital owners enjoyment and marketization, encroaching on the interests of the member institutions, and paying the comprehensive income of the member institutions lower than the average market interest rate of the same level; 10. Ineffective protection of customer information; 11. Poor quality of business data and regulatory data; 12. Inadequate performance of two or three lines of defense against it risks; 13. Failure to report information security incidents and loopholes. In addition, seven responsible persons were given warnings or warning fines. Source: responsible editor of 21st century economic report: Wang Xiaowu_ NF

According to the Anhui banking and Insurance Regulatory Bureau, there are 13 major violations (causes of action) in Anhui associated press. 1u3001 In a disguised way, it takes up the clearing funds of the member institutions; 2. It misappropriates the bonds of the member institutions to carry out the pledge type positive repo business; 3. It illegally accepts the entrusted investment bonds business of the member institutions that fail to meet the minimum regulatory rating requirements; 4. It illegally accepts the entrustment of the member institutions that do not have the investment qualification and have insufficient funds of its own to invest in the universal insurance products of Huaxia life; 5. It misappropriates the bonds of the member institutions to carry out the pledge type positive repo business; 5 Six, illegal holding of bonds to assist Linquan agricultural commercial bank to evade regulatory requirements; seven, to help an agricultural commercial bank to list investment bonds in the form of time deposit + buyout reverse repurchase; eight, to misappropriate the proceeds of capital business to purchase fixed assets, and the purchase and construction of fixed assets is a large amount of project expenditure without the deliberation of the members Congress 9. Violating the principle of capital owners enjoyment and marketization, encroaching on the interests of the member institutions, and paying the comprehensive income of the member institutions lower than the average market interest rate of the same level; 10. Ineffective protection of customer information; 11. Poor quality of business data and regulatory data; 12. Inadequate performance of two or three lines of defense against it risks; 13. Failure to report information security incidents and loopholes. In addition, seven responsible persons were given warnings or warning fines.