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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
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

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.

版面编辑:喻竹杨洋
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