On July 19, official website, China Banking and Insurance Regulatory Commission, China released the information disclosure form of administrative punishment. Due to the inadequate post-loan management of Jilin Dongfeng Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Jilin Dongfeng Rural Commercial Bank"), the direct responsibility of the loan funds belongs to the borrower and is misappropriated. According to Article 48 of the Banking Supervision Law of the People's Republic of China, Liaoyuan Banking Insurance Supervision Branch issued a warning to Xu. According to Article 48 of the Banking Supervision Law of the People's Republic of China, Jilin Dongfeng Rural Commercial Bank was fined 300,000 yuan.

A compelling survey shows that Jilin Dongfeng Rural Commercial Bank was established in August 1988, 12, with the legal representative as the king and the business scope of absorbing public deposits; Issue short-,medium-and long-term loans; Handle domestic settlement; Handle bill acceptance and discount; Acting as an agent for the financial business of other banks; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds and financial bonds, and participating in the money market; Engage in interbank lending; Engaged in bank card business (debit card); Acting for payment and insurance agency business; Provide safe deposit box service; Other businesses approved by China Banking Regulatory Commission.

Attached is the official website Punishment Information Disclosure Form of CBRC: