Hengfeng Bank has been fined 1 million yuan, and the responsible person has been banned from the industry for life.

On January 24th, the Fujian Banking Regulatory Bureau disclosed that the Fuzhou Branch of Hengfeng Bank Co., Ltd. was fined 1 million yuan for illegally handling credit business. At the same time, the Fujian Banking Regulatory Bureau imposed a lifetime ban on Wang Gang, the relevant person in charge, from working in the banking industry.