China Finance and Economics, June 28, according to the China Banking and Insurance Regulatory Commission’s news on June 27, the China Banking and Insurance Regulatory Commission Hebei Banking and Insurance Regulatory Bureau announced the administrative penalty information disclosure form (Ji Yin Jian Pu Jue Zi [2017] No. 17), showing that Bohai International Trust Co., Ltd. Co., Ltd. due to inaccurate loan classification; entrusting a third-party non-financial institution to promote trust products, Hebei Banking and Insurance Regulatory Bureau pursuant to Article 46 of the Banking Supervision Law of the People's Republic of China and the Administrative Measures for Trust Companies' Collective Fund Trust Plans Article 48: A fine of RMB 400,000 will be imposed on him, and the penalty date will be December 25, 2017.
