Home Business China Banking and Insurance Regulatory Commission: Special rectification and removal of more than 2,600 shareholders who violate laws and regulations totaling 140 million yuan in penalties_Banking_Governance_Company

China Banking and Insurance Regulatory Commission: Special rectification and removal of more than 2,600 shareholders who violate laws and regulations totaling 140 million yuan in penalties_Banking_Governance_Company

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Original title: China Banking and Insurance Regulatory Commission: Special rectification and removal of more than 2,600 shareholders who violate laws and regulations, with a total penalty of 140 million yuan

On December 2, the China Banking and Insurance Regulatory Commission stated that in the past two years, the “Three-Year Action Plan for Improving Corporate Governance in the Banking and Insurance Industry (2020-2022)” has been firmly promoted, and it will focus on strengthening the construction of systems and regulations, continue to deepen the reform of corporate governance, and effectively prevent Resolve financial risks and promote the steady improvement of the quality and efficiency of corporate governance in the banking and insurance industry.

Among them, we continued to carry out special rectification of equity and related-party transactions, and severely cracked down on outstanding issues such as capital fraud, equity holdings, and transfer of benefits, forming an effective deterrent. After two years of special rectification, a total of more than 2,600 shareholders who violated laws and regulations were cleared and retired, a total of 140 million yuan was punished for violating institutions and persons responsible, 395 responsible persons were punished, and some personnel were disqualified from their positions and implemented industry bans. Supervised the internal accountability of bancassurance institutions to handle 360 ​​relevant departments or branches, and 5,383 individual accountable persons, including 674 party disciplinary and disciplinary sanctions. The list of 66 shareholders with major violations of laws and regulations was released to the public in three batches.

Through a series of measures, the compliance of shareholder behaviors of bancassurance institutions has been improved, and the transfer of benefits through connected transactions has been curbed to a certain extent.

In the next step, the China Banking and Insurance Regulatory Commission will intensify supervision in terms of upholding and strengthening the party’s leadership, regulating the behavior of major shareholders and related transactions, optimizing the structure and operating mechanism of the board of directors, and enhancing the effectiveness of supervision, so as to continuously promote the reform of corporate governance of bancassurance institutions. Effectiveness.

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