10 15 Financial Industry News: According to the administrative penalty information disclosure table released by the Wanzhou Financial Regulatory Branch, Taikang Life Insurance's Liangping, Chongqing Branch was fined 17 million yuan for deceiving policyholders and accepting loan renewals against policy collateral. Additionally, Peng Yueyu received a warning and was fined 2 million yuan for the same violations.
Fine details:
No. Party Name Major Violations Penalty Decision Authority 1 Chongqing Wuxi Zhongyin Fude Village Bank Co., Ltd. and related persons Insufficient loan investigation and review A fine of 20 ten thousand yuan was imposed on Chongqing Wuxi Zhongyin Fude Village Bank Co., Ltd. A warning was issued to Yang Yi. Wanzhou Financial Regulatory Bureau 2 Chongqing Chengkou Zhongyin Fude Village Bank Co., Ltd. and related persons Insufficient loan investigation and review A fine of 20 ten thousand yuan was imposed on Chongqing Chengkou Zhongyin Fude Village Bank Co., Ltd. A warning was issued to Ran Hongrang. Wanzhou Financial Regulatory Bureau 3 Taikang Life Insurance Company Limited, Liangping Branch, Chongqing, and related persons Deceiving policyholders; accepting renewal of policies pledged for loans A fine of 17 ten thousand yuan was imposed on Taikang Life Insurance Company Limited, Liangping Branch, Chongqing. Peng Yueyu received a warning and a fine of 2 ten thousand yuan. Wanzhou Financial Regulatory Bureau 4 Postal Savings Bank of China Co., Ltd., Liangping District Branch, and related persons Insufficient loan investigation and review; inadequate employee conduct management A fine of 75 ten thousand yuan was imposed on Postal Savings Bank of China Co., Ltd., Liangping District Branch. Wang Dajun, Chen Xiaofei, Tang Xiaodan, Feng Lei, Mou Yinglin, and Gao Fusheng were warned. Xu Yao is prohibited from engaging in banking work for 10 years. Wanzhou Financial Regulatory Bureau
