On February 9, financial authorities imposed a penalty of 600,000 yuan on Guangdong Huazhou Rural Commercial Bank for serious breaches of prudential operational rules in its post-loan management practices. The bank was also cited for inadequate accountability assessment of non-performing loans, which further violated regulatory standards. The penalty was issued by the Maoming branch of the National Financial Regulatory Administration. Additionally, Yang Xiangwen, a relevant responsible individual, received a formal warning in connection with the violations.
The administrative penalty disclosure listed the specific infractions, highlighting failures in overseeing loans after their issuance and shortcomings in assigning responsibility for bad debt. The enforcement action underscores ongoing regulatory efforts to strengthen compliance within the banking sector.
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