Bank of Hangzhou Co Ltd

The Zhejiang Bureau of the National Financial Regulatory Administration issued a 9.75 million yuan fine to Bank of Hangzhou on September 30, citing imprudent management of working capital loans, personal loans, and project loans. This is the largest regulatory fine the bank has received in 2026. At the same time, 14 responsible individuals were penalized. Huang Jinqing was given a warning and fined 100,000 yuan. Zhang Heng, Mao Rongli, Wang Wei, Xu Zhenghao, Shen Jiaming, and Zhu Ranran were warned and each fined 50,000 yuan. Su Wenliang, Fang Kang, Zhao Menghua, Xu Yongxin, Zhu Pengfei, Sun Xin, and Chen Huicong were warned. The combined fines for Bank of Hangzhou and the responsible individuals totaled 10.15 million yuan. Bank of Hangzhou is a leading A-share listed city commercial bank. As of the end of June 2026, its total assets reached 2.47 trillion yuan. In the first half of 2026, it achieved operating revenue of 21.048 billion yuan, up 4.75 percent year on year, and net profit attributable to the parent company of 12.813 billion yuan, up 9.87 percent year on year. Its non-performing loan ratio was 0.76 percent, and its provision coverage ratio was 471.96 percent. However, the bank's personal loan non-performing ratio climbed to 1.48 percent in the first half, up 0.27 percentage points from the start of the year. Within that, the non-performing ratio for personal business loans was 2.08 percent, up 0.56 percentage points from the start of the year. The 9.75 million yuan fine accounts for less than one-thousandth of the first-half net profit attributable to the parent company of 12.813 billion yuan, so the financial impact is very small. But it exposes compliance pressure behind the bank's rapid business expansion, and the accountability of 14 responsible individuals also sends a clear signal that compliance responsibility is being individualized.