What is the reason why Shanghai Pudong Development Bank was found to be in serious violation?

Shanghai Pudong Development Bank was established with the approval of the People's Bank of China on August 28th, 1992,1October 9th, 1993 was listed on the Shanghai Stock Exchange, 1999. It is a joint-stock commercial bank established by directional fundraising. It carries out the business of absorbing public deposits, issuing short-term, medium-term and long-term loans, settlement, bill discount, issuing financial bonds, issuing agents, payment agents, underwriting government bonds, buying and selling government bonds, interbank lending, providing letter of credit services and guarantees.

However, violations occur from time to time.

I don't know if the regulatory ticket is not enough to deter, or it is difficult to change its ills. The problems exposed by Shanghai Pudong Development Bank in the past two years are indeed a bit more. One of the tickets showed that Hangzhou Branch of Shanghai Pudong Development Bank was fined 1.6 million yuan by Zhejiang Banking Insurance Regulatory Bureau for four violations, such as careless printing management, converting loan funds into time deposits and inflating loans, inadequate post-loan management, misappropriating loan funds to buy stocks, and handling bank acceptance bill business without real trade background, and the person directly responsible was given a warning.

The same problem appears again.

Chengdu Branch of Shanghai Pudong Development Bank covers up non-performing loans and illegally handles credit, interbank, wealth management, letter of credit, factoring and other businesses by fabricating false purposes, splitting credit and ultra vires approval. , and awarded 77.5 billion yuan to 65,438+0,493 shell enterprises in exchange for the contribution of relevant enterprises to non-performing loans of branches, resulting in a regulatory fine of 462 million yuan for serious credit violations and nearly 200 responsible persons being held accountable. ? The former president of Chengdu Branch didn't want to give credit in violation of regulations at first. Chengdu Branch had a good performance in the past. Later, because many credit indicators were given to traditional energy enterprises, such as steel and coal mines, with the adjustment of the market and the deterioration of the environment, they began to make false credit to make up for it. ? Xu Lin (pseudonym), a former Shanghai Pudong Development Bank executive, said in an interview with China Entrepreneur magazine.