Two major Chinese banks have been named and shamed after they forced small businesses to buy insurance products as a condition for getting loans in violation of official guidelines to cut borrowing costs for millions of companies nationwide.
Regulators Name and Shame Banks Violating Loan Rules
2019年11月19日 20:26
来源于
财新网
China Construction Bank, Ping An Bank singled out by State Council for forcing small borrowers to buy insurance
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- Some managers at the Beijing branch of China Construction Bank forced small commercial borrowers to buy life insurance products developed by the bank’s life insurance subsidiary, national authorities said. Photo: IC Photo
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