日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Tools: Save | Print | E-mail | Most Read
China Penalizes 49 Bank Staff for Loans to Illegal Power Plant
Adjust font size:

China's banking watchdog has penalized 49 staff members of 11 banking institutions who were responsible for funding an unauthorized power plant that has been criticized by the central government.

Nine banks and two financing firms for power companies were responsible for slack examination procedures before approving the credit and for poor management of the loans to the north China-based Inner Mongolia Power Group Co., Ltd., which constructed the plant and other six illegal power projects, said the China Banking Regulatory Commission.

The disgraced institutions include the country's "big four" state-owned lenders -- the China Construction Bank, the Bank of China, the Agricultural Bank of China and the Industrial and Commercial Bank of China.

The commission did not reveal the specific penalties.

The project, the Xinfeng thermal power plant, came under fire in August last year, when it was openly criticized by the State Council, China's cabinet.

Six people died and eight were injured in the construction of plant, and the power company had failed to follow standard procedures in project approval, land acquisition and tendering, said the State Council.

Regional authorities received disciplinary and judicial penalties for failing to stop the project and enforce the central government's macro-control policies aimed at curbing investment to prevent the economy from overheating.

The commission, together with the National Development and Reform Commission and the National Audit Office, reinvestigated the legitimacy and management of all bank loans to the power company from Sept. 18 to 27.

The country's banking institutions must learn from the case and resolutely implement central macro-control policies, said the commission.

It urged all financial institutions to strengthen risk management of large corporate customers and strictly examine the legitimacy of their credit.

(Xinhua News Agency January 27, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
799 Staffers of Big Four State Banks Punished for Graft

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
主站蜘蛛池模板: 夹江县| 青田县| 台安县| 额尔古纳市| 宕昌县| 思茅市| 惠安县| 漾濞| 平谷区| 元氏县| 乐安县| 资溪县| 深泽县| 芮城县| 灵台县| 寿阳县| 邹城市| 祥云县| 梓潼县| 浪卡子县| 保亭| 冷水江市| 田阳县| 达州市| 民县| 马关县| 孟津县| 革吉县| 武夷山市| 汽车| 呼伦贝尔市| 东阿县| 郁南县| 苍溪县| 峨边| 资源县| 长乐市| 本溪市| 彰化市| 贵德县| 伊川县|