Chinese banking regulator fines China Construction Bank $1m for violations

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The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (CCB) , the country's second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule violations.

A sign of China Construction Bank is seen at its booth at the 2020 China International Fair for Trade in Services in Beijing, China September 4, 2020. REUTERS/Tingshu Wang

SHANGHAI - The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank The southern Shenzhen branch of the China Banking and Insurance Regulatory Commission said in a statement it had also confiscated over 1 million yuan of ill-gotten gains. Among other things, the Shenzhen branch of CCB had hidden risks, used loans for purposes than otherwise stated and money allocated for small- and medium-sized enterprise loans were used for other purposes, it said.

Four fines were handed down to individuals in the Shenzhen branch, who were found to have breached rules in connection with real estate loans and bills, it said.Our Standards:

 

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A whole million!

This must be viewed under an electron microscope and listened to through an echo sounder. If the pulse does not correspond to the average indicators of Yeltsin and below, then he is in this video under hypnosis.

At what time the world will understand that covid19 Corona virus is the worst war on the people and it's made by politicians. To kill people to make new slaves. Woke up world.

Thank you. I have read this article. There are no listings of discriminatory or oppressive behavior. Are you suggesting targeting? Violation of terms and agreements? amount of fines should be written according to infraction. Not made up suddenly. Policy respected.

R,

Yeah, that regulator better get in the witness protection program

China fines itself a million bucks.

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