US$125.5 million in fines in January suggest China will continue crackdown on financial risk in 2018

January fines amount to about three times the penalties for whole of 2016. The days of Chinese banks circumventing redlines for a quick profit are coming to an end, as the mainland’s top banking regulator hands out big fines to lenders over irregularities. In January itself, the China Banking Regulatory Commission has handed out fines worth about three times the combined …

Leave a comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.