The North Bay Bank of Guangxi in China was fined 2.05 million yuan for inflating deposits and loans.

On January 30th, the Guangxi Regulatory Bureau of the China Banking and Insurance Regulatory Commission released an administrative penalty information disclosure, showing that Beibu Gulf Bank in Guangxi was fined a total of 2.05 million yuan for illegal activities such as "failure to diligently manage loan fund payments; failure to diligently manage system security controls; loan funds being used for purposes other than intended; failure to diligently review bill security deposits; inflating loan and deposit amounts; violation of regulatory provisions in setting deposit assessment indicators." The individuals responsible, Wu Xihan and Wei Wei, were issued warnings.