Zhong Guo Ji Jin Bao·2025-11-01 06:53Core Viewpoint - Five banks in China received significant fines totaling over 215 million yuan due to various regulatory violations, highlighting ongoing issues in risk management and compliance within the banking sector [1][4]. Group 1: Fines and Violations - China Bank was fined 97.9 million yuan for imprudent management in areas such as corporate governance, loans, and asset quality, with five responsible personnel receiving warnings and fines totaling 300,000 yuan [2][3]. - Agricultural Bank was fined 27.2 million yuan for non-compliance in product sales and service fees, with one responsible person receiving a warning and a fine of 100,000 yuan [2][4]. - China Minsheng Bank faced a fine of 58.65 million yuan for imprudent management in loans and data reporting, with six responsible personnel receiving warnings and fines totaling 360,000 yuan [2][4]. - Ping An Bank and Shanghai Pudong Development Bank were both fined for imprudent management in internet loans and agency sales, with Ping An Bank fined 18.8 million yuan and Shanghai Pudong Development Bank fined 12.7 million yuan [2][5]. Group 2: Responses and Remedial Actions - China Bank emphasized its commitment to rectifying issues identified during a 2023 risk management inspection and has reportedly completed most of the necessary corrections [4]. - Agricultural Bank stated that the fine was a follow-up to previous inspections and that it has addressed most issues promptly, adhering to a principle of comprehensive remediation [4]. - Minsheng Bank acknowledged previous fines and has taken steps to address regulatory concerns, indicating a proactive approach to compliance [5].