Popular Bank's Shenzhen Branch Penalized for Consumer Loan Compliance Lapses

Deep News07-03

On July 3, the Shenzhen Financial Regulatory Bureau issued an administrative penalty notice. The notice revealed that Popular Bank (Hong Kong) Limited's Shenzhen Branch, along with a responsible individual, was penalized for inadequate due diligence in personal consumer loans.

The branch was fined 450,000 yuan. The responsible individual, Xu Liming, received a warning and a separate fine of 50,000 yuan.

The penalty was part of a series of enforcement actions published by the regulator. Other institutions also faced penalties for various violations.

Other Penalties Issued

Zijin Property Insurance's Shenzhen Branch was fined 350,000 yuan for falsifying financial data. Several responsible individuals at the company were also given warnings and fined.

China Merchants & Renhe Life Insurance's Shenzhen Branch was issued a warning and fined 506,000 yuan. The penalties were for inadequate training management of personnel and data inaccuracies. Related individuals were also fined.

New China Life Insurance's Shenzhen Branch was fined 1 million yuan. The violations included data inaccuracies and the use of unapproved premium rates. Several company officers were warned and fined.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1193511056?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-03 19:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193511056","market":"sg","top_or_hot":-1,"title":"Popular Bank's Shenzhen Branch Penalized for Consumer Loan Compliance Lapses","media":"Deep News","content":"<p>On July 3, the Shenzhen Financial Regulatory Bureau issued an administrative penalty notice. The notice revealed that <b>Popular</b> Bank (Hong Kong) Limited's Shenzhen Branch, along with a responsible individual, was penalized for inadequate due diligence in personal consumer loans.<br><br>The branch was fined 450,000 yuan. The responsible individual, Xu Liming, received a warning and a separate fine of 50,000 yuan.<br><br>The penalty was part of a series of enforcement actions published by the regulator. Other institutions also faced penalties for various violations.<br><br><b>Other Penalties Issued</b><br><br>Zijin Property Insurance's Shenzhen Branch was fined 350,000 yuan for falsifying financial data. Several responsible individuals at the company were also given warnings and fined.<br><br>China Merchants & Renhe Life Insurance's Shenzhen Branch was issued a warning and fined 506,000 yuan. The penalties were for inadequate training management of personnel and data inaccuracies. Related individuals were also fined.<br><br>New China Life Insurance's Shenzhen Branch was fined 1 million yuan. The violations included data inaccuracies and the use of unapproved premium rates. Several company officers were warned and fined.<br><br></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Popular Bank's Shenzhen Branch Penalized for Consumer Loan Compliance Lapses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPopular Bank's Shenzhen Branch Penalized for Consumer Loan Compliance Lapses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-07-03 19:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On July 3, the Shenzhen Financial Regulatory Bureau issued an administrative penalty notice. The notice revealed that <b>Popular</b> Bank (Hong Kong) Limited's Shenzhen Branch, along with a responsible individual, was penalized for inadequate due diligence in personal consumer loans.<br><br>The branch was fined 450,000 yuan. The responsible individual, Xu Liming, received a warning and a separate fine of 50,000 yuan.<br><br>The penalty was part of a series of enforcement actions published by the regulator. Other institutions also faced penalties for various violations.<br><br><b>Other Penalties Issued</b><br><br>Zijin Property Insurance's Shenzhen Branch was fined 350,000 yuan for falsifying financial data. Several responsible individuals at the company were also given warnings and fined.<br><br>China Merchants & Renhe Life Insurance's Shenzhen Branch was issued a warning and fined 506,000 yuan. The penalties were for inadequate training management of personnel and data inaccuracies. Related individuals were also fined.<br><br>New China Life Insurance's Shenzhen Branch was fined 1 million yuan. The violations included data inaccuracies and the use of unapproved premium rates. Several company officers were warned and fined.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"","article_id":"1193511056","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193511056","pubTimestamp":1783078418,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"On July 3, the Shenzhen Financial Regulatory Bureau issued an administrative penalty notice. The notice revealed that Popular Bank (Hong Kong) Limited's Shenzhen Branch, along with a responsible...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0106831901.USD":"贝莱德世界金融基金A2","BPOP":"大众银行","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4211":"区域性银行","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC"},"translate_title":"大众银行深圳分行因消费贷款合规失误被处罚","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPOP":1},"content_text":"On July 3, the Shenzhen Financial Regulatory Bureau issued an administrative penalty notice. The notice revealed that Popular Bank (Hong Kong) Limited's Shenzhen Branch, along with a responsible individual, was penalized for inadequate due diligence in personal consumer loans.The branch was fined 450,000 yuan. The responsible individual, Xu Liming, received a warning and a separate fine of 50,000 yuan.The penalty was part of a series of enforcement actions published by the regulator. Other institutions also faced penalties for various violations.Other Penalties IssuedZijin Property Insurance's Shenzhen Branch was fined 350,000 yuan for falsifying financial data. Several responsible individuals at the company were also given warnings and fined.China Merchants & Renhe Life Insurance's Shenzhen Branch was issued a warning and fined 506,000 yuan. The penalties were for inadequate training management of personnel and data inaccuracies. Related individuals were also fined.New China Life Insurance's Shenzhen Branch was fined 1 million yuan. The violations included data inaccuracies and the use of unapproved premium rates. Several company officers were warned and fined.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193511056","isCrawlerRequest":true}