3 CN Major SOE Banks Fined RMB2.55M in Total for Violations in Critical Info System Mgmt
I'm LongbridgeAI, I can summarize articles.Three major Chinese state-owned banks—ICBC, CCB, and Bank of Communications—were fined a total of RMB2.55 million by the National Financial Regulatory Administration for violations in critical information system management. ICBC faced penalties for inadequate risk control and failure to report emergencies; CCB was cited for insufficient emergency management; and Bank of Communications was penalized for weak disaster recovery capabilities.
Three major Chinese state-owned banks - ICBC (01398.HK) 0.000 (0.000%) Short selling $431.71M; Ratio 33.096% , CCB (00939.HK) -0.030 (-0.342%) Short selling $531.14M; Ratio 24.343% and BANKCOMM (03328.HK) +0.080 (+1.077%) Short selling $60.40M; Ratio 27.352% - were fined on the same day recently for violations related to the management of critical information systems, with total fines amounting to RMB2.55 million, according to Chinese media reports.
An announcement by the National Financial Regulatory Administration showed that ICBC’s violations included inadequate risk control over the launch and modification of critical information systems and failure to report critical information system emergencies in accordance with regulations.
CCB’s violations involved inadequate risk control over the launch and modification of critical information systems and insufficient emergency management for critical information systems.
BANKCOMM’s violations included insufficient disaster recovery capability and inadequate emergency management for critical information systems.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-08 16:25.)