China banking regulator fines five firms over irregularities
20:29 UTC+8, 2023-02-17
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China's banking and insurance regulator fined five financial institutions including China Construction Bank and Standard Chartered's China unit.
20:29 UTC+8, 2023-02-17
0
China's banking and insurance regulator fined five financial institutions including China Construction Bank and Standard Chartered's China unit over irregularities in their businesses, according to statements released on its website on Friday.
The China Banking and Insurance Regulatory Commission confiscated illegal gains of Standard Chartered Bank (China) Ltd worth 36.3 million yuan (US$5.28 million) and fined the bank 13.4 million yuan, according to a statement.
It also imposed fines on four domestic lenders, including the Bank of China, China Minsheng Bank and China Bohai Bank.
Source: Reuters
Editor: Wang Xiang
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