Agricultural Bank is fined 27.2 million yuan: related products sales, service fees not compliant, credit fund management is not cautious, etc.

The administrative penalty information released by the China Banking and Insurance Regulatory Commission shows that the Agricultural Bank of China Limited was fined 27.2 million yuan. Zhang Qing was warned and fined 100,000 yuan. The main illegal and irregular behaviors include: sales of related products, unauthorized service charges, and imprudent management of credit fund flows.