Another bank gets whacked with a huge fine
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
The hits just keep on coming.
China’s banking regulator handed out one of its stiffest penalties to date on Friday. The culprit? The Chengdu branch of Shanghai Pudong Development Bank (Caixin):
“The China Banking Regulatory Commission’s bureau in Sichuan province delivered the 462 million yuan...