Shang Hai Zheng Quan Bao·2025-09-13 08:37Core Viewpoint - A number of financial institutions in China have been penalized by the Financial Regulatory Bureau, with total fines exceeding 150 million yuan, highlighting issues related to compliance and risk management practices across the sector [1][2]. Group 1: Penalties on Major Banks - Guangfa Bank and Hengfeng Bank were fined over 60 million yuan each, with Guangfa Bank receiving a fine of 66.7 million yuan due to imprudent management of loans, bills, and factoring, as well as non-compliance in regulatory data reporting [2]. - Hengfeng Bank was fined 61.5 million yuan for similar violations, including imprudent management of loans and regulatory data reporting [2]. - Both banks acknowledged the penalties and stated they have completed the necessary rectifications and are committed to improving their risk management frameworks [2]. Group 2: Other Financial Institutions Penalized - Huaxia Wealth Management was fined 12 million yuan for non-compliance in investment operations and regulatory data reporting [3]. - Several other institutions, including China Export-Import Bank, China Construction Bank, and Everbright Bank, received fines exceeding 1 million yuan for various compliance failures, such as inaccurate risk classification and inadequate management of outsourced IT services [4]. - Notably, China Export-Import Bank was fined 1.3 million yuan for inadequate country risk management, while Everbright Bank faced a fine of 4.3 million yuan for deficiencies in IT outsourcing management [4].