According to Tongbi Finance, the administrative penalty information disclosure form from the Zhoukou Regulatory Bureau of the National Financial Supervision and Administration, dated May 28, shows that the Zhoukou Branch of China Postal Savings Bank Co., Ltd. was administratively penalized by the Zhoukou Financial Regulatory Bureau due to project loan funds flowing back, inadequate post-loan management, failure to detect the misappropriation of working capital loans, and imprudent handling of personal housing loan business.
Penalty details: A fine of 750,000 yuan
Related listed company: Postal Savings Bank (601658.SH)

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China Postal Savings Bank Zhoukou Branch was fined 750,000 yuan for inadequate post-loan management and imprudent personal housing loan business. The penalty was imposed by the Zhoukou Financial Supervision Bureau and involves issues related to project loan fund return and misappropriation of working capital loans. The relevant listed company is Postal Savings Bank of China

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China Postal Savings Bank Co., Ltd. Zhoukou Branch was fined 750,000 yuan due to project loan funds flowing back, inadequate post-loan management, failure to detect the misappropriation of working capital loans, and imprudent handling of personal housing loan business