Due to violations in absorbing deposits through third-party channels, Zhejiang Mintai Commercial Bank was fined 7.15 million yuan.

On January 12, according to the administrative penalty information disclosure table published by the Shanghai Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Zhejiang Mintai Commercial Bank Co., Ltd. Shanghai Branch was fined 7.15 million yuan for: failing to submit statistical data in accordance with regulations, failing to reasonably bear insurance costs in accordance with regulations, severe violations of prudent operation rules in post-loan management of working capital loans, severe violations of prudent operation rules in post-loan management of personal loans, severe violations of prudent operation rules in payment management of working capital loans, severe violations of prudent operation rules in the use of discount funds, inaccurate classification of loans, severe violations of prudent operation rules in the audit of bank acceptance bill margin sources, severe violations of prudent operation rules in employee behavior management, and illegal and irregular behavior of absorbing deposits through third parties.