Phoenix.com Financial News on June 30, the official website of the China Banking and Insurance Regulatory Commission announced a number of punishment announcements. Among them, Tianjin Rural Commercial Bank Dagang Sub-branch was fined 500,000 yuan for "issuing unqualified personal housing loans".An Rui was banned from working in the banking industry for life due to his management responsibility for the issue of unqualified personal housing loans issued by the Dagang Sub-branch of Tianjin Rural Commercial Bank.Li Weisong, Hou Baojun, Cao Jun and other four people were given warnings and penalties for being responsible for the management of the issue of unqualified personal housing loans issued by the Dagang Sub-branch of Tianjin Rural Commercial Bank.
The Tianjin Binhai Branch of China Banking and Insurance Regulatory Commission issued the above penalty on June 24, 2022, based on Article 46(5) of the Banking Supervision Law of the People's Republic of China, and the Banking Supervision and Administration Law of the People's Republic of China. Article 48(3) of the Law and Article 48(2) of the Banking Supervision Law of the People's Republic of China.
