On August 7, the Fujian Financial Supervisory Authority issued an administrative penalty information disclosure form showing that the Fujian branch of China Post Savings Bank was fined a total of 2.4 million yuan for “inadequate agricultural loan data management; inadequate management of speed loan business; inadequate pre-loan investigation of personal housing loans; inadequate pre-loan investigation; inadequate post-loan management; inadequate risk classification management for personal business loans; improper management of fees for cash management services”; Lin Chiqing, the person responsible, was warned and fined 50,000 yuan, and Weng Xiaoyan was warned.

On August 7, the Fujian Financial Supervisory Authority issued an administrative penalty information disclosure form showing that the Fujian branch of China Post Savings Bank was fined a total of 2.4 million yuan for “inadequate agricultural loan data management; inadequate management of speed loan business; inadequate pre-loan investigation of personal housing loans; inadequate pre-loan investigation; inadequate post-loan management; inadequate risk classification management for personal business loans; improper management of fees for cash management services”; Lin Chiqing, the person responsible, was warned and fined 50,000 yuan, and Weng Xiaoyan was warned.