On December 15, financial authorities reported that the National Association of Financial Market Institutional Investors (NAFMII) has initiated a self-regulatory investigation into Postal Savings Bank Of China Co.,Ltd. (PSBC).
The investigation follows allegations that PSBC violated principles of fairness, impartiality, and due diligence during its underwriting and issuance of debt financing instruments. The probe is being conducted in accordance with the Self-Disciplinary Punishment Rules of the Interbank Bond Market.
This development comes as regulatory scrutiny intensifies over compliance in China's financial sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments