Why did Bank of Mintai get off the shelf?

Violating prudent business rules will lead to significant risks. According to relevant information of Mintai Bank, Mintai Bank was removed from the shelves for violating prudent business rules and making untrue and clean transfer of non-performing credit assets, which led to significant risks and concealed non-performing loans. Wang Xinlian is responsible for major risk violations caused by Zhejiang Mintai Commercial Bank's failure to conduct comprehensive risk management in accordance with prudent operating rules. Mintai Bank refers to Zhejiang Mintai Commercial Bank. Zhejiang Mintai Commercial Bank is headquartered in Wenling City, Taizhou City, Zhejiang Province. Its predecessor was Wenling Credit Cooperative, which was established in May 1988. On August 18, 2006, it was renamed as Zhejiang Mintai Commercial Bank.