According to the penalty announcement of China Banking Regulatory Commission, on June 30, 65438, Gao Bing of Jiutai Rural Commercial Bank was fined 1.3 million yuan for two illegal facts, namely, the loan review was not due, the credit funds flowed to the borrower's affiliated enterprises, and the working capital loan was issued beyond the borrower's actual capital demand.

Rural commercial banks, referred to as rural commercial banks for short, are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations.