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 … http://bit.ly/2nwAwNw

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