Hui'an Zhongcheng Village Bank Fined 70,000 Yuan for Violating Currency Regulations

Deep News03-10

On March 10, the Quanzhou branch of the People's Bank of China issued an administrative penalty notice. Hui'an Zhongcheng Village Bank Co., Ltd. was given a warning and fined 70,000 yuan for violating regulations governing the circulation of Renminbi and anti-counterfeiting currency operations.

Penalty details show that the penalty decision was made by the People's Bank of China, Quanzhou Branch, on February 27, 2026. The penalty is valid for one year from the date of announcement.

In the same batch of penalty announcements, Fujian Haixi Financial Leasing Co., Ltd. was fined 2 million yuan for violating reserve requirement regulations. The company's former head of the planning and finance department, Hu Moufu, was also fined 100,000 yuan for being responsible for the violation. These penalties were also issued on February 27, 2026, and are valid for five years.

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