On June 24, financial news reported that on June 23, the National Audit Office presented its report to the Standing Committee of the National People's Congress regarding the audit of the execution of the central budget and other fiscal revenues and expenditures for the 2025 fiscal year. Bank of China was among the institutions named in the report.
In response, Bank of China stated that it sincerely accepts audit supervision, attaches great importance to the issues raised in the audit, and is conducting a thorough analysis of the root causes. The bank is committed to immediate and continuous rectification, with detailed and clear measures being implemented to ensure substantial progress in addressing the findings.
Bank of China further indicated that its next steps will involve thoroughly implementing the decisions and arrangements of the Party Central Committee and meeting the requirements for audit rectification. The bank aims to continuously enhance its risk management standards and compliance operation capabilities, thereby contributing to the development of a multi-level capital market and supporting the high-quality growth of the real economy.
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