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: 洛南县| 琼海市| 霸州市| 隆子县| 阿拉善左旗| 连南| 太康县| 介休市| 云和县| 库尔勒市| 萨迦县| 陕西省| 丹棱县| 那坡县| 盐边县| 项城市| 大同市| 竹山县| 阿图什市| 常山县| 罗甸县| 大余县| 固原市| 枣阳市| 绥江县| 岳阳县| 江孜县| 麻城市| 松溪县| 牙克石市| 榆中县| 龙南县| 萝北县| 兰州市| 汨罗市| 巴南区| 正阳县| 平江县| 昭苏县| 齐河县| 迁西县|