The two rural credit cooperatives in Xinjiang each received a fine of 500000
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[0} China new Jingwei client, July 24 (cbcirc) website announced on the 23rd the decision of xinyinbaojian xujuzi [2020] No. 32 decision on administrative punishment, and Tuzi honorary Association in Pishan county was fined 500000 yuan by Xinjiang Supervision Bureau of CBRC.

According to

ticket performance, the main crime and violation pattern of Tuzi reputation match Association in Pishan county is: to carry out the sale of insurance products in the operation of poverty alleviation children's credit.

Source: CBRC

At the same time, as the director of the credit association of Tunzi in Pishan County, ablimitit Tuo was warned and fined 50000 yuan. When Jiao Wutong was the director, he was warned and fined 50000 yuan.

What is worth mentioning is that the cbcirc also announced the decision on administrative punishment No. 44 [2020] issued by the CBRC on the same day. It was found that the credit union of Tunzi, Luopu County, was fined 500000 yuan. The main form of the violation was the tying sale of insurance products in the operation of poverty alleviation kindergarten credit.

Source: CBRC

Fu Sheng served as the director of Luopu County Tunzi honorary matching Association. He was warned and fined 50000 yuan. He took direct leadership responsibility for the association's tying sale of insurance products in the poverty alleviation and child credit business. During his tenure as director, Abdallah Tuo assumed direct management obligations for the above-mentioned crimes and violations, and was warned and fined 50000 yuan.

According to the data of

Tianyan survey, Tuzi honorary Association of Pishan county was established in June 1989, with its registered address at No. 34, Guma South Road, Pishan County, Hetian Park, Xinjiang. The company type is stock matching system, and the legal representative is ablimi Tiao and Tuo shoutiao.

Luopu County Tunzi honorary association was established in May 1989, with its registered address at No. 36 Hetian Road, Luopu County, Hetian District, Xinjiang. The company type is share matching system and legal agent Fu Sheng. (Zhongxin Jingwei APP)