According to the public list of administrative penalty information disclosed by the State Financial Supervision and Administration, the Bank of China was fined 97.9 million yuan. The Bank of China was fined due to careless management of related asset quality and other operations, while the five responsible persons were simultaneously punished. In response to this, the Bank of China responded to this penalty based on issues discovered in the 2023 on-site inspection of risk management and internal control effectiveness. The Bank of China attached great importance to, implemented reforms, thoroughly analyzed the reasons, insisted on doing the opposite, solidly push forward rectification, and seriously pursue accountability. At present, the rectification has basically been completed. The next step is to insist on operating in accordance with the law, continuously improve the level of risk management and internal control, and serve the high-quality development of the real economy.

According to the public list of administrative penalty information disclosed by the State Financial Supervision and Administration, the Bank of China was fined 97.9 million yuan. The Bank of China was fined due to careless management of related asset quality and other operations, while the five responsible persons were simultaneously punished. In response to this, the Bank of China responded to this penalty based on issues discovered in the 2023 on-site inspection of risk management and internal control effectiveness. The Bank of China attached great importance to, implemented reforms, thoroughly analyzed the reasons, insisted on doing the opposite, solidly push forward rectification, and seriously pursue accountability. At present, the rectification has basically been completed. The next step is to insist on operating in accordance with the law, continuously improve the level of risk management and internal control, and serve the high-quality development of the real economy.