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Wenzhou Bank Quzhou Branch was fined 700,000 yuan. What is the reason?

The reason for the punishment is that the loan management is not in place, which leads to the illegal flow of personal credit funds into securities accounts and illegal misappropriation of credit funds. It is reported that on June 22, Quzhou Banking Supervision Branch publicly announced the administrative punishment information of the bank and was fined by Quzhou Banking Supervision Branch. Rmb 700,000.