Core Viewpoint - The payment industry faces regulatory scrutiny as HeliBao, a subsidiary of Rindong Holdings, was fined approximately 74.89 million yuan for multiple violations identified by the People's Bank of China during an inspection period from September 1, 2022, to July 31, 2024 [1][2] Group 1: Regulatory Violations and Penalties - HeliBao was found to have committed four violations: breaching clearing management regulations, violating payment terminal and related business management rules, failing to comply with merchant management regulations, and not adhering to account management regulations [1] - The total penalty imposed on HeliBao includes a fine of 62,799,685.60 yuan and the confiscation of illegal gains amounting to 12,080,234.23 yuan, resulting in a total of 74,879,919.83 yuan [1] Group 2: Operational Status and License Renewal - HeliBao has completed the payment of the fines and reported that its production and operational activities are normal, having also completed self-inspection and rectification as required by the People's Bank of China [1] - The renewal of HeliBao's payment license is currently under a suspended review process, but all business operations continue as normal during this period [2] - HeliBao is in close communication with regulatory authorities to expedite the resolution of issues related to the suspended review, and will submit a report to the People's Bank of China once the circumstances for the suspension are resolved [2]
合利宝因四项违规被罚7488万元,支付牌照续展中止审查