The Zhejiang Bureau of the National Financial Regulatory Administration disclosed on September 30 an administrative penalty information form showing that Bank of Hangzhou Co., Ltd. was fined 9.75 million yuan. The main violations include imprudent management of working capital loans, imprudent management of personal loans, and imprudent management of project loans. The Zhejiang financial regulatory bureau also issued a warning and a fine of 100,000 yuan to the responsible person Huang Jinqing, warnings and fines of 50,000 yuan each to Zhang Heng, Mao Rongli, Wang Wei, Xu Zhenghao, Shen Jiaming, and Zhu Ranran, and warnings to Su Wenliang, Fang Kang, Zhao Menghua, Xu Yongxin, Zhu Pengfei, Sun Xin, and Chen Huicong. Bank of Hangzhou was established in September 1996 and listed on the main board of the Shanghai Stock Exchange in October 2016. As of June 30, 2026, its total assets were 2.47 trillion yuan.
Bank of Hangzhou Co LtdBank of Hangzhou fined 9.75 million yuan by the Zhejiang financial regulator for imprudent loan management, with 14 responsible persons also penalized.
