Fined 61.5 million yuan, Hengfeng Bank responds: has seriously implemented relevant issues rectification and accountability.

Due to the lack of prudence in the management of related loans, bills, wealth management and other businesses, as well as non-compliant regulatory data reporting, Hengfeng Bank was fined 61.5 million yuan, and 6 responsible individuals were fined simultaneously. Hengfeng Bank responded on its official website, stating that recently, Hengfeng Bank Co., Ltd. received an administrative penalty decision from the China Banking and Insurance Regulatory Commission for issues identified during the on-site inspection of risk management and internal control effectiveness in 2023. Hengfeng Bank attaches great importance to the regulatory authorities' penalty decision, humbly accepts it, thoroughly analyzes the root causes of the problems, and has earnestly implemented relevant issues rectification and accountability.