The establishment of “fake banks” on the Internet has been a major move by the government. (Schematic / taken from pixabay)
The Guangdong Bureau of the China Banking and Insurance Regulatory Commission recently issued the “Announcement on Suspected Illegal Acts of “China Plain Bank”, stating that “China Plain Bank” has never been approved to prepare, establish and operate related banking financial institutions, and “China Plain Bank” is suspected of Illegal establishment of banking financial institutions and illegal business activities of banking financial institutions. Unexpectedly, after this fake bank was exposed by the China Banking and Insurance Regulatory Bureau, it boldly announced that it had established a working group to communicate with regulators and eliminate misunderstandings.
“Chinanews.com” reported that recently, the Guangdong Banking and Insurance Regulatory Bureau found that online information related to “China Plain Bank” appeared on some websites, WeChat official accounts and other platforms. The bank collected consumers’ identities, property information, and carry out related business. In this regard, the Guangdong Banking and Insurance Regulatory Bureau solemnly reminds that the China Banking and Insurance Regulatory Commission and its dispatched offices have not approved the “China Plain Bank” to prepare, establish and operate the business of relevant banking financial institutions, and are suspected of illegally establishing banking financial institutions and illegally engaging in banking industry. Business activities of financial institutions.
The Guangdong Banking and Insurance Regulatory Bureau stated that according to the “Banking Supervision Law of the People’s Republic of China”, “The Law of the People’s Republic of China on Commercial Banks” and other laws, without the approval of the banking supervision and management agency of the State Council, no unit or individual may establish a banking financial institution. Institutions or engaging in the business activities of banking financial institutions, no unit may use the word “bank” in its name.
The Guangdong Banking and Insurance Regulatory Bureau asks the majority of financial consumers to be vigilant, enhance their awareness of risk prevention and identification, handle financial business through formal financial institutions and formal channels, stay away from illegal infringement, and beware of being deceived. If you find any situation related to the “China Plain Bank” within the jurisdiction of Guangdong, you are welcome to call the reporting and consulting telephone to provide clues.
Surprisingly, after being exposed by the supervision, the so-called “China Plains Bank” not only did not restrain at all, but published an announcement online “China Plains Bank Instructs the Working Group to Actively Connect with the Guangdong Banking and Insurance Regulatory Bureau”, and He said, “The team is young but stable, brave in innovation but well thought out. Although it has shortcomings, it grows rapidly. Our products have clear logic and sustainable development, and comply with basic economic laws. So far, we have not caused any loss of people’s property, and we have not received any income. to any complaints”.