PSBC's Haidong Branch in Qinghai Fined 285,000 Yuan for Financial Statistics and Fintech Compliance Breaches

Deep News09-24

On September 24, the People's Bank of China Haidong Municipal Branch disclosed its administrative penalty decision information table, showing that the Haidong branch of Postal Savings Bank Of China Co., Ltd. was issued a warning and fined 285,000 yuan for violating financial statistics and financial technology management regulations.

The penalty was imposed by the People's Bank of China Haidong Municipal Branch, reflecting regulatory actions against the bank's non-compliance in these specific areas.

This enforcement underscores ongoing scrutiny of financial institutions' adherence to statistical reporting standards and fintech operational rules within the regional banking sector.

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