On April 29, financial front-line news, the Administrative Penalty Information Disclosure Form of the Hengshui Supervision Branch of the State Financial Supervision and Administration showed that Wuyi County Rural Credit Union Co., Ltd. was fined 900,000 yuan by the former Hengshui Banking Insurance Supervision Branch for failing to implement unified credit granting to group customers, inaccurate credit asset risk classification, and lax post-loan inspection, resulting in the misappropriation of credit fundscrashbandicootnsanetrilogyfornintendoswitch; Gong Lei was then deputy director of Wuyi County Rural Credit Union Co., Ltd. and was responsible for the misappropriation of credit funds due to inaccurate credit asset risk classification and lax post-loan inspection of Wuyi County Rural Credit Union Co., Ltd., and was warned and fined 50,000 yuan; Wu Yongzhong was then the manager of the credit approval department of Wuyi County Rural Credit Union Co., Ltd., and was responsible for the failure of Wuyi County Rural Credit Union Co., Ltd. to implement unified credit granting to group customers and was warned by the supervision.
