12 0

A sign of China Construction Bank is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang. SHANGHAI (Reuters) - The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (CCB) 601939.SS 0939.HK , the country's second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule violations. The southern Shenzhen branch of the China Banking and Insurance Regulatory Commission (CBIRC) said in a statement it had also confiscated over 1 million yuan of ill-gotten gains. Among other things, the Shenzhen branch of CCB had hidden risks, used loans for purposes th... Full story

17 October