Approval Granted for Chairman Appointment at Changyin 58 Consumer Finance

Deep News06-15

Regulatory Update

Six government departments, including the Cyberspace Administration of China, the People's Bank of China, and the National Financial Regulatory Administration, jointly released the "Guidelines for Classification and Grading of Financial Information Service Data" on June 13. The guidelines categorize financial information service data into four levels, from highest to lowest, based on its importance and sensitivity to economic and social development. These levels are core data, important data, sensitive general data, and routine general data.

Chongqing Rural Commercial Bank Co.,Ltd. (SH: 601077) announced on June 12 that its vice president, Zhou Guohua, has resigned from his position as he has reached the statutory retirement age.

Bank Of Qingdao Co.,Ltd. (SZ: 002948) has been fined 500,000 yuan by the National Financial Regulatory Administration for "improper disposal of non-performing assets," according to a notice on the regulator's official website dated June 12.

Major Company Developments

The Hunan Provincial Financial Regulatory Bureau has approved the appointment of Chen Mingsha as a director and the chairman of Hunan Changyin 58 Consumer Finance Co., Ltd., as shown in a recent notice on the National Financial Regulatory Administration's official website.

On the afternoon of June 14, market rumors emerged suggesting that Ant Group Co., Ltd. is secretly testing an AI-powered version of Alipay. The reports claim the new version would fundamentally change the user interface, allowing one-click access to a native AI interface for intelligent service and financial management, though a launch date is undetermined. When contacted for comment on the situation, the company declined to provide any statement.

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