Skip to content
WorldBrand.AI

CITIC Leasing controversies

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

Back to profile1 entries

  1. 2019

    Fined for illegally requiring local government guarantees and for ineligible leased assets

    In 2019, CITIC Financial Leasing was fined RMB 500,000 for illegally requiring local governments to provide guarantees in leasing business, and its general manager was also penalized; in September 2023, it was fined RMB 500,000 by the Tianjin Regulatory Bureau of the National Financial Regulatory Administration for non-compliant eligibility of leased assets, and project account manager Deng Jia was warned and fined RMB 50,000. Cumulative fines exceeded RMB 1 million.

    Source