Core Viewpoint - The Shandong Regulatory Bureau of the National Financial Supervision Administration has issued a fine to China CITIC Financial Asset Management Co., Ltd. Shandong Branch for various violations related to the authenticity of due diligence on acquired debts and inaccurate asset risk classification [1] Summary by Relevant Sections Violations - The main violations identified include lack of prudence in due diligence on the authenticity of acquired debts and inaccurate classification of asset risks [1] Penalties - A fine of 1.1 million yuan (approximately 0.16 million USD) was imposed on China CITIC Financial Asset Management Shandong Branch [1] - Individual penalties include warnings for Shi Yuelin and Yu Haisheng, and a warning plus a fine of 50,000 yuan (approximately 7,000 USD) for Zhang Yonghu [1]
对收购债权的真实性尽调不审慎，中信金融资产山东分公司被罚110万