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China Minsheng Bank controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile5 entries

  1. 2024

    Beijing branch salary cut and expense reductions

    Source

  2. 2020

    CBIRC fines China Minsheng Bank

    Fine or penalty

    In a regulatory action, China's banking regulator imposed a combined fine and confiscation of 107.8294 million yuan on China Minsheng Bank over multiple alleged regulatory violations. According to the source, these violations included providing financing for real estate companies to pay land premiums and providing financing for real estate projects that lacked the required four certificates. The event was reported as a penalty by the banking regulator against the bank.

    China’s banking regulator imposed a combined fine and confiscation of 107.8294 million yuan on China Minsheng Bank over multiple alleged regulatory violations, including financing land premiums for real estate companies and projects lacking the required four certificates.

    Company response

    • Remediation — 民生银行

      截至目前，针对检查意见书中提出的问题，民生银行已完成大部分问题的整改，其他问题正在积极整改中。

    Source excerpt

    • 据银保监会9月4日消息，针对民生银行违规为房地产企业缴纳土地出让金提供融资、为“四证”不全的房地产项目提供融资等多项违法违规行为，银保监会依法对该行罚没合计10782.94万元，并对8名责任人员给予警告并处罚款5万元的行政处罚。
    • 截至目前，针对检查意见书中提出的问题，民生银行已完成大部分问题的整改，其他问题正在积极整改中。
    Source

  3. 2017

    Beijing Hangtianqiao sub-branch fined 27.5 million yuan in fake wealth management case

    In 2017, China Minsheng Bank's Beijing Hangtianqiao Sub-branch was exposed in a fake wealth management incident, involving about 1.65 billion yuan in funds. On November 30, the Beijing Bureau of the China Banking Regulatory Commission imposed a total fine of 27.5 million yuan on the sub-branch and branch involved, and three responsible persons were permanently banned from working in the banking industry.

    Source

  4. 2015

    Former president Mao Xiaofeng investigated and left office

    On January 31, 2015, Caixin reported that Mao Xiaofeng, president of China Minsheng Bank, was investigated by relevant authorities and removed from his post as Party secretary. This entry records the investigation and personnel changes of that year; the cited report did not provide a criminal judgment or a specific amount involved.

    Source

  5. 2009

    UCBH Holdings investment loss after FDIC takeover

    Source