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Live Updates  >  Live Update Details

2026-02-15 22:54:26

The People's Bank of China recently announced administrative penalties against two commercial banks. China Construction Bank was warned, its illegal gains of approximately 550,000 yuan were confiscated, and it was fined 42.9551 million yuan, totaling approximately 43.5061 million yuan. 21 related responsible persons were also penalized. Shanghai Pudong Development Bank was also warned, its illegal gains of approximately 275,500 yuan were confiscated, and it was fined 42.2289 million yuan. 9 related responsible persons were also penalized. The total fines and confiscations for the two banks exceeded 80 million yuan, and 30 related responsible persons were penalized.

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