Minsheng Bank fined 58.65 million yuan: related loan, bill, interbank and other business management not prudent, supervision data reporting not compliant, etc.

The China Banking and Insurance Regulatory Commission has released a list of administrative penalties, among which China Minsheng Bank Co., Ltd. was fined 58.65 million yuan. Wang Zhouwu, Xiang Min, Li Bin, He Fan, Wang Zhongxiang, and Huang Shaohui were warned and fined a total of 360,000 yuan. The main illegal activities include imprudent management of related loans, bills, interbank business, and non-compliance in regulatory data reporting.