Due to the lack of careful credit management, the Anhui Guzhen Rural Commercial Bank was fined 1.8 million yuan.

On June 24, the Administrative Penalty Information released by the Bengbu Regulatory Sub-bureau of the National Financial Supervision and Administration Bureau showed that Anhui Guzhen Rural Commercial Bank Co., Ltd. was fined 1.8 million yuan for misconduct in credit management and non-compliance in corporate governance. The responsible person, Xu Wei, was prohibited from engaging in banking industry work for 21 years, while Zheng Xiaole, Li Jinya, and Zhang Kuanxu were warned.