On October 14th, according to the administrative penalty information disclosure from the People's Bank of China Fujian Branch, Xiamen Bank Co.,Ltd. Quanzhou Branch was issued a warning and fined 500,000 yuan for violating account management regulations.
Additionally, Hong XX, who served as the director of the business department of Xiamen Bank Co.,Ltd. Quanzhou Branch at the time, was held responsible for the bank's violation of account management regulations and received a warning along with a fine of 50,000 yuan.
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