The CBRC authorities said they had not received the relevant materials of Suning's bid for private banks

March 12 Morning News, yesterday, a media report, the CBRC authorities said that did not receive suning bid private banks related materials, accusing suning use of related information hype, Su Ning last night emergency response said, as early as last September has officially reported to the State Council and CC CBRC. Suning fell more than 4% per cent in the opening day, and at 10:06, reported 8.07 yuan, a decrease of 4.73%.

Su Ning said yesterday, in the Nanjing financial office and other relevant departments under the guidance of the company on July 28 for the first time to the provincial government and provincial and municipal finance office submitted a declaration plan. In mid-August, the State Administration for Industry and Commerce applied for the name of "Suning Bank Co., Ltd." pre-approved.

September 12, the name "Suning Bank Limited" was formally approved by the State Administration for industry and commerce. According to the feedback, the Jiangsu provincial government in late September 2013 to declare the private banking issues formally submitted to the State Council, CC the CBRC.