
3 CN Major SOE Banks Fined RMB2.55M in Total for Violations in Critical Info System Mgmt

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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.
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