[EpochTimesNovember292021](Epoch Times reporter Liu Yi comprehensive report) Tenpay Payment Technology Co., Ltd., a subsidiary of Tencent, was fined 2.78 million yuan for violation of the law, and its violation only made a profit of 20,000 yuan ( RMB, the same below).
According to the “Administrative Penalty Decision” issued by the Shenzhen Branch of the State Administration of Foreign Exchange of the Communist Party of China on November 26, Tenpay Payment Technology Co., Ltd. (Tenpay) failed to submit relevant materials in accordance with the regulations and carried out foreign exchange business beyond the scope of registration. , Failing to handle foreign exchange sales business in accordance with regulations, and failing to collect necessary information in accordance with regulations, violates the relevant provisions of the “Measures for the Administration of Foreign Exchange Business of Payment Institutions”.
The “Administrative Punishment Decision” gave Tenpay a warning, confiscated 2 million yuan of illegal income and imposed a fine of 2.78 million yuan.
In response, Tenpay responded. In response to the problems found in the routine inspections from 2019 to 2020, Tenpay has formulated an improvement plan as soon as possible and implemented it item by item. The rectification has been completed.
According to a mainland enterprise search, Tenpay Payment Technology Co., Ltd. was established on August 25, 2006 with a registered capital of 1 billion yuan. The largest shareholder is Shenzhen Tencent Computer System Co., Ltd., which holds 95% of the shares.
Editor in charge: Lin Congwen
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