Press "Enter" to skip to content

Chinese regulator fined five banks, relevant personnel total 366 million yuan for rule violations

China's banking and insurance watchdog has imposed fines on five of the country's commercial banks and relevant personnel in another warning shot to the industry to stay away from misconduct and tame financial-market risks.

The China Banking and Insurance Regulatory Commission (CBIRC) fined the lenders a total of 366 million yuan ($56.8 million) for violating several rules and regulations and pledged to step up scrutiny to maintain financial stability, it said in a . . .

To continue reading, please subscribe and you will get:


  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In