The Hong Kong-listed Postal Savings Bank of China was hit with a 90.5 million yuan fine for illegal bank notes transactions worth 7.9 billion yuan. Photo: ImaginechinaThe Hong Kong-listed Postal Savings Bank of China was hit with a 90.5 million yuan fine for illegal bank notes transactions worth 7.9 billion yuan. Photo: Imaginechina
The Hong Kong-listed Postal Savings Bank of China was hit with a 90.5 million yuan fine for illegal bank notes transactions worth 7.9 billion yuan. Photo: Imaginechina

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

Topic |   Banking & Finance
The Hong Kong-listed Postal Savings Bank of China was hit with a 90.5 million yuan fine for illegal bank notes transactions worth 7.9 billion yuan. Photo: ImaginechinaThe Hong Kong-listed Postal Savings Bank of China was hit with a 90.5 million yuan fine for illegal bank notes transactions worth 7.9 billion yuan. Photo: Imaginechina
The Hong Kong-listed Postal Savings Bank of China was hit with a 90.5 million yuan fine for illegal bank notes transactions worth 7.9 billion yuan. Photo: Imaginechina
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.