Xin Lang Cai Jing·2025-12-26 05:05Core Viewpoint - Chongqing Rural Commercial Bank has been fined 8.7 million yuan due to multiple violations, including negligence in loan checks and inadequate investigation of large risk losses, with two senior officials banned for life from the banking industry [1][2][4]. Group 1: Regulatory Actions - The bank was penalized for several violations, including negligence in the "three checks" for loans, inadequate investigation and accountability for large risk losses, errors in non现场 statistical data, failure to verify the source of guarantees, and rolling invoices [2][8]. - A total of 10 responsible individuals faced penalties, including lifetime bans, warnings, and fines [2][4]. Group 2: Key Individuals Involved - Former Vice President Shu Jing and Chief Credit Officer Feng Hongwei received lifetime bans due to their responsibility for the negligence in loan checks [4][10]. - Other officials, including department heads and branch managers, received warnings or fines of 50,000 yuan [10]. Group 3: Background of the Bank - Chongqing Rural Commercial Bank, established in 1951, became a unified legal entity in 2008 and was the first rural commercial bank listed in Hong Kong in 2010, followed by a listing on the Shanghai Stock Exchange in 2019 [6][12]. - As of the end of Q3 2025, the bank's total assets reached 1.66 trillion yuan, a 9.3% increase from the beginning of the year, with total loans amounting to 777.973 billion yuan, up 8.92% [6][12].