Zhong Guo Ji Jin Bao·2025-10-19 07:44Core Viewpoint - Three banks in Ningbo, China, including China Everbright Bank, Industrial Bank, and Ningbo Donghai Bank, were heavily fined a total of 5.215 million yuan due to various regulatory violations [1][3][5]. Group 1: China Everbright Bank - China Everbright Bank's Ningbo branch was fined 1.71 million yuan for three violations: imprudent credit management, non-compliant agency sales management, and inadequate employee management [1][2]. - Specific penalties included warnings for two individuals and a fine of 5,000 yuan for another [1][2]. Group 2: Industrial Bank - Industrial Bank's Ningbo branch faced a fine of 1.1 million yuan for violations including inadequate loan checks, negligent investment management, and imprudent credit card management [3][4]. - Warnings were issued to two responsible individuals [3][4]. Group 3: Ningbo Donghai Bank - Ningbo Donghai Bank was fined 2.4 million yuan for six violations, including failure to rectify identified issues, non-compliance in performance assessment indicators, improper deposit solicitation practices, and imprudent management of both corporate and personal credit [5][6]. - Warnings were issued to four individuals associated with the bank [5][6]. - This is not the first significant penalty for Ningbo Donghai Bank in 2023, as it was previously fined 2.271 million yuan for five violations earlier in the year [6]. Group 4: Regulatory Environment - The regulatory environment for banks in China has intensified, with a trend of large and concentrated penalties observed in 2023, particularly targeting local and regional banks [7]. - High penalties and personal accountability are part of a regulatory strategy aimed at preventing systemic risks and promoting high-quality development in the banking sector [7].