Market Chatter: China Development Bank Slapped with 1.3 Million Yuan Fine

MT Newswires Live

2025/01/29

China Development Bank's (HKG:1062) Chongqing branch received a 1.3-million-yuan fine from the Chongqing Financial Regulatory Bureau for regulatory violations, The Paper reported Monday.

These include failure to enforce "real loan and real payment" rules, issues with loan funds retention, inadequate loan review procedures, and insufficient oversight of shantytown renovation financing, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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