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Dec 31, 2021 09:20 PM (GMT+8) · EqualOcean
Financial Associated Press, December 31 - Shenzhen local financial supervision and administration announced the investigation results of Shenzhen Zhongcheng Zhixin Financing Guarantee Co., Ltd. In June 2021, in view of the illegal inflow of operating credit funds into the real estate field, Shenzhen local financial regulatory bureau conducted a special inspection on individual financing guarantee companies and small loan companies within its jurisdiction. During the inspection, Shenzhen Zhongcheng Zhixin Financing Guarantee Co., Ltd. submitted some false business contracts and other documents to Shenzhen local financial supervision and Administration Bureau. Since then, Shenzhen local financial supervision and Administration Bureau has carried out administrative investigation in accordance with relevant regulations, cross compared and reviewed relevant documents and materials, conducted in-depth research on the business model, solicited the opinions of relevant parties and carried out expert demonstration. After legal procedures, Shenzhen local financial supervision and Administration Bureau decided to impose an administrative penalty of 400000 yuan on the company.

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