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

Investing.com | Oct 17, 2020 at 2:00 AM
  • The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (OTC:CICHF) (CCB) (SS:601939) (HK:0939), the country’s second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule violations.
  • The southern Shenzhen branch of the China Banking and Insurance Regulatory Commission (CBIRC) said in a statement it had also confiscated over 1 million yuan of ill-gotten gains.