Mybank Fined 1.3 Million Yuan for Violations Including Rebate Attraction and Irregular Deposit Absorption

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Recently, the Zhejiang Regulatory Bureau of the National Financial Supervision and Administration disclosed administrative penalty information showing that Zhejiang Online Commercial Bank Co., Ltd. was fined 1.3 million RMB by the Zhejiang Financial Regulatory Bureau for major illegal activities such as rebate inducements and deposit absorption. The responsible person, Li Feng, received a warning.

(National Financial Supervision and Administration)

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