Zhongyuan Bank controversies

Nanyang Branch Fined 600,000 Yuan for Employees Improperly Borrowing Client Funds, Among Other Violations

In May 2025, the Nanyang Branch of Zhongyuan Bank was fined 600,000 yuan for employees improperly borrowing client funds, lending to clients, and inadequate underwriting that led to fraudulent guarantees in clients' names.

Former Chairman Xu Nuojin Investigated; Two Successive Chairmen Caught Up in Anti-Corruption Probes

In February 2024, Henan authorities announced that Xu Nuojin, a former chairman of Zhongyuan Bank, was under investigation; Dou Rongxing had previously been investigated and expelled from both the Party and public office. This entry records the risks involving two successive executives and the public proceedings, and does not presume any specific bribery amount or final sentence solely on the basis of the investigations.

Anyang Tieyi Road Sub-branch Fined 2.15 Million Yuan for Loan 'Three Checks' and Senior Executive Qualification Violations

In 2023, the Tieyi Road Sub-branch of Zhongyuan Bank in Anyang was fined 2.15 million yuan for inadequate loan 'three checks' and for having someone perform senior management duties without approval, and relevant personnel were warned. The branch was formerly the Anyang Branch of the merged Bank of Luoyang.

Luohe Branch Fined RMB 430,000 for Failure to Identify Customers as Required

In March 2023, the People's Bank of China Luohe Central Sub-branch fined the Luohe Branch of Zhongyuan Bank RMB 430,000 for failing to conduct ongoing customer due diligence and failing to re-identify customers.

Real-estate loan quality concerns

Nikkei Asia reported that Zhongyuan Bank was exposed to large unpaid real-estate loans and had the fourth-highest non-performing-loan ratio in the real-estate sector among Chinese banks based on June 2022 data.

Reported lending to Furen Pharmaceuticals

Reporting stated that real-estate-enterprise shareholders in Zhongyuan Bank and two other institutions had loaned more than RMB600 million to Furen Pharmaceuticals while the borrower faced repayment difficulties. The supplied material does not establish a final legal finding.

Anyang Branch Wealth Manager Stole Client Funds; Institution and Management Punished

In 2020, the Anyang Branch of Zhongyuan Bank was fined 400,000 yuan after a wealth manager stole client funds, among other violations; the manager was banned from the industry for life, and branch management was also punished for supervisory responsibility.

Zhongyuan Bank's Anyang branch fined over customer-fund theft and management violations

Fine or penalty

In 2020, the Henan Anyang Banking and Insurance Regulatory Bureau fined Zhongyuan Bank's Anyang branch RMB 400,000 over two violations. According to the regulator, a wealth manager at the branch stole customers' wealth-management funds, and the branch authorized a person without senior-management qualifications to exercise senior-management duties. The penalty addressed both the theft of customer funds and the authorization of an unqualified person to perform senior-management functions.