On July 12, the Qingdao Banking and Insurance Regulatory Commission Branch issued 38 consecutive fines, with a total fine of 6.99 million yuan, involving 8 branches of banks and 2 branches of insurance companies. At the same time, 23 responsible persons were also punished.

The banks fined are Bank of Qingdao (002948.SZ), China Merchants Bank (600036.SH), Postal Savings Bank (601658.SH), Industrial and Commercial Bank of China (601398.SH), and Ping An Bank (000001 .SZ), Everbright Bank (601818.SH) and China.

It is worth noting that the top three fined Bank of Qingdao, China Merchants Bank and Postal Savings Bank are all involved in real estate-related business violations.

Judging from the time when the fines were made public, Qingdao Bank received 6 fines a day, and 3 branches and 3 persons in charge were fined respectively, with the cumulative fine amounting to 1.6 million yuan. Among them, the Port Branch of the Bank of Qingdao was fined 800,000 yuan for issuing false mortgage loans and providing false materials to customers; the Shibei branch was fined 400,000 yuan for seriously violating the real estate credit policy; the Laixi branch was fined 400,000 yuan for using Loans applied for the special refinancing quota were diverted to purchase real estate and financial products.

The second largest fine was issued to China Merchants Bank. China Merchants Bank Qingdao Branch was fined 1.1 million yuan for issuing real estate development loans to projects with insufficient capital, failing to perform due diligence in managing irregular business, and failing to manage real estate development loans properly. The three responsible persons were also fined.

Similar to Bank of Qingdao, Postal Savings Bank also received 6 fines that day, involving two branches and three responsible persons. Among them, Postal Savings Bank Qingdao Branch was fined 400,000 yuan for illegally issuing real estate development loans; Qingdao Economic and Technological Development Zone. The branch of the Technology Development Zone received fines twice in a row, involving issuing working capital loans to construction companies to advance funds for real estate development projects and misappropriating credit funds to repay problematic loans discovered during inspections. The fines were 250,000 yuan each.

Recently, the central bank, China Banking Regulatory Commission and other departments have maintained high pressure on financial institutions’ illegal real estate businesses. Under the tone of "don't speculate", the Banking Regulatory Commission and other relevant departments continue to strengthen supervision of illegal activities involving credit funds transfused into real estate, and the number of related fines is also relatively large.

Industry insiders predict that under strict supervision, strengthening the control of the entire loan process and preventing illegal flows of funds to real estate will remain the focus of future supervision.

In addition, on the same day, the Qingdao Branch of Weifang Bank was fined 750,000 yuan. The main illegal fact is to cover up asset quality problems and senior executives to perform their duties before their qualifications are approved. The three persons responsible were warned.

The Qingdao Branch and Qingdao Chengyang Branch of the Industrial and Commercial Bank of China were fined 400,000 yuan and 220,000 yuan respectively for serious dereliction of duty in credit card business management and passing on collateral assessment fees to small and micro enterprises.

Ping An Bank Qingdao Branch was fined 400,000 yuan for tying insurance and additional loans to individual borrowers. Everbright Bank Qingdao Branch was fined 300,000 yuan for passing on operating costs to customers. Bank of China Qingdao Chengyang Branch was fined 220,000 yuan because credit funds were misappropriated to repay problematic loans discovered during the inspection. Related Q&A: Can Qingdao Bank's credit card limit be withdrawn?

Qingdao Bank's credit card limit can be withdrawn. There are two main withdrawal methods:

1. Overpayment withdrawal: cardholder The funds deposited in the credit card or the funds whose repayment is higher than the bill amount can be withdrawn through ATM machines or bank counters. There is no interest fee on this part of the funds.

2. Overdraft cash withdrawal: This means that cardholders can withdraw cash up to half of the maximum amount through ATM machines or Qingdao Bank counters. Overdraft cash withdrawal requires certain fees and interest, and interest will be calculated on the day the cash is withdrawn. No interest-free period.