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Ningxia Hongsi Fort Hui Fa Village and Town Bank was fined 220k yuan for violating financial statistical management regulations
Blue Whale News, April 8—Recently, the Wu Zhong City Branch of the People’s Bank of China issued a penalty notice, taking aim at Ningxia Hong Sifubao Hui Fa Village Bank Co., Ltd.
The penalty notice shows that the bank’s main illegal and irregular conduct was: violating regulations on financial statistics management.
In response to this conduct, the Wu Zhong City Branch of the People’s Bank of China, in accordance with the law, imposed a fine of 220,000 yuan on the bank.