Group 1 - Yantai Bank has recently changed its business scope to include banking services and public securities investment fund sales, following a regulatory decision from the China Securities Regulatory Commission (CSRC) requiring rectification due to compliance issues in fund sales [1] - The CSRC's decision highlighted three main violations by Yantai Bank: ineffective execution of internal controls and risk management for fund sales, failure to accurately disclose customer maintenance fees when selling certain public fund products, and not applying for a new license after changes in the business license [1] - Similar compliance issues have been observed in other banks, such as Jinshang Bank, which faced similar administrative measures for not applying for a new license within the required timeframe after changes occurred [2] Group 2 - The CSRC has noted a trend of banks receiving penalties for violations related to fund sales, with a significant number of cases involving personnel operating without the necessary qualifications [2] - Specific cases include Tianjin Rural Commercial Bank, which faced regulatory measures for having unqualified personnel in its fund sales department, and a Chongqing branch of a joint-stock bank that also had issues with unqualified fund sales personnel and failure to conduct self-inspections [3]