CCB's Chongqing Rongchang Branch Fined 746,000 Yuan for Regulatory Breaches

Deep News03-11

On March 11, the Administrative Penalty Decision Information Disclosure Form from the People's Bank of China Yongchuan Branch showed that China Construction Bank Corporation's Chongqing Rongchang Branch violated payment and settlement management regulations, breached financial statistics management rules, and contravened currency and precious metals management provisions. The branch received a warning and was fined 746,000 yuan.

Ye, then Deputy General Manager of the Business Office (Operations Supervisor) of China Construction Bank Corporation's Chongqing Rongchang Branch, was held responsible for the violation of currency and precious metals management regulations. Ye was given a warning and fined 50,000 yuan.

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