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Shengjing Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2016

    Caught in the Black Hole of Evergrande-Related Transactions

    After Evergrande took control of Shengjing Bank, the two had more than RMB 100 billion in fund dealings, and Shengjing Bank was accused of channeling funds to Evergrande through concealed methods such as structured bond issuance; in 2021, its Shanghai branch was fined RMB 5.5186 million for violations including irregular M&A loans and real estate loans; after Evergrande defaulted, Shengjing Bank sued to recover about RMB 32.6 billion. Former chairman Zhang Yukun resigned after his election was invalidated in the Liaoning vote-buying case. Litigation recovery, regulatory investigation.

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