Weekly CSR Email Newsletter
CSR Assessments and Training in China!Compliance and Sustainability are two sides of the same coin, and businesses must keep their suppliers aware of key concepts to ensure that a business maintains best practices in China. Clear goals, ethics and mission starts with YOU! Find Out More Here.
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
CDM World Summit @ Beijing - 2010/03/25
Green Fuels & Vehicles China 2010 @ Shanghai - 2010/04/08
3rd Annual Carbon Trade China 2010 @ Beijing - 2010/04/15
Eco Design Fair Spring 2010 @ Shanghai - 2010/04/17
2nd Annual Asia Eco Green Building @ Shanghai - 2010/05/12
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
CBRC Punishes Eight Banks For Improper Bank Loans
June 25, 2007 |
Print
| 
Email
| 
Comments | Category: Law & Order
The China Banking Regulatory Commission says it will punish eight Chinese banks that have been involved in improper loans.
According to various local media reports, the banks include the Bank of Communications Beijing Branch, Bank of Beijing, China Merchants Bank, Industrial and Commercial Bank of China, CITIC Bank and Shenzhen Development Bank. They will be fined an unspecified amount and several of their managers will be reprimanded, according to CBRC.
CBRC says these banks have provided loans to China Nuclear Engineering & Construction Corporation and China Ocean Shipping Company without properly monitoring the lending, which has led to the two companies violating lending conditions by investing loans in real estate and securities.
China Nuclear Engineering is said to have misused about RMB2.3 billion borrowed since 2001 from the Bank of Beijing and the Beijing branch of the Bank of Communications. China Ocean Shipping, also known as COSCO, has borrowed RMB2.7 billion since June 2006 from six banks and used at least RMB2.4 billion to invest in initial public stock offerings.
Rate this page: 
Loading ...Leave A Comment:
-
Labor
-
Law & Order
-
Viewpoints
- Companies Can Help In The March Towards Better Consumer Rights In China
- CSR Review: Companies Have More Opportunities To Develop In China
- How Far Can Chinese Companies Take Corporate Social Responsibility?
- CSR Review: Companies Focus On Sustainability In China During Downturn
- Global Financial Woes May Impact Corporate Social Responsibility In China
Copyright 2003-2010 ChinaCSR.com. All Rights Reserved.
If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaCSR.com. Twitter ChinaCSR.com
