On March 17, the People's Bank of China Zhoushan Branch issued an administrative penalty decision against CITIC Bank's Zhoushan Branch. The branch was penalized for multiple regulatory violations, including breaches of financial statistics management rules, account management regulations, cybersecurity requirements, and credit information management standards. Additionally, the bank failed to implement enhanced due diligence measures as required by regulations.

As a result, the People's Bank of China Zhoushan Branch issued a formal warning and imposed a fine of 961,000 yuan (approximately 96.1万元) on the institution. The penalty decision was formally documented and dated March 11, 2026, with the disclosure period set for three years from the publication date.