Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Five banks fined a total of 366 million yuan
Fine or penalty
China's banking regulator imposed administrative penalties on Huaxia Bank, Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia China, with fines totaling about 366 million yuan. The source does not specify the underlying violations.
Source excerpt
银保监会已于近期严肃查处一批违法违规案件，对华夏银行、渤海银行、中国银行、招商银行、东亚中国等5家金融机构及相关责任人员依法作出行政处罚决定，处罚金额合计约为3.66亿元。
2020
Beijing regulator fines Huaxia Bank Beijing Branch
Fine or penalty
In a regulatory action, the Beijing Banking and Insurance Regulatory Bureau ordered Huaxia Bank Beijing Branch to correct serious violations of prudent operating rules in its interbank investment business. The regulator also imposed a fine of RMB 500,000 on the branch. The penalty concerns the branch's interbank investment operations, which were found to have seriously violated prudent operating rules. The bureau required the branch to rectify these violations. The action was announced by the Beijing Banking and Insurance Regulatory Bureau and reported on June 15, 2020.
Source excerpt
华夏银行北京分行存在同业投资业务严重违反审慎经营规则的行为。根据《中华人民共和国银行业监督管理法》第二十一条、第四十六条，北京银保监局责令华夏银行北京分行改正，并给予50万元罚款的行政处罚。
2012
Jiading branch employee's private sales of products trigger unauthorized sales and repayment disputes
In 2012, Huaxia Bank's Jiading branch saw disputes over an employee's private sale of external investment products and repayment. Caixin reported on the bank employee sales chain and risk management problems; the disputed products cannot be directly regarded as wealth management products formally issued by Huaxia Bank. This entry is limited to the branch involved and the private sales conduct.