On October 31, Agricultural Bank of China Co., Ltd. issued an announcement. The Bank recently received the “Administrative Penalty Decision” from the State Financial Supervisory Administration, which fined the Bank 27.2 million yuan and punished those responsible. This fine is a follow-up to the on-site inspection carried out by the General Financial Supervisory Authority in the early stages. It is mainly an inspection of the Bank's related business before 2023. In response to the issues pointed out by the supervision, the Bank attached great importance to it. According to the principle of “treating both symptoms and root causes, and systematic rectification”, most of the issues were rectified immediately after the inspection was completed, and basic rectification was completed before other systemic rectification projects.

On October 31, Agricultural Bank of China Co., Ltd. issued an announcement. The Bank recently received the “Administrative Penalty Decision” from the State Financial Supervisory Administration, which fined the Bank 27.2 million yuan and punished those responsible. This fine is a follow-up to the on-site inspection carried out by the General Financial Supervisory Authority in the early stages. It is mainly an inspection of the Bank's related business before 2023. In response to the issues pointed out by the supervision, the Bank attached great importance to it. According to the principle of “treating both symptoms and root causes, and systematic rectification”, most of the issues were rectified immediately after the inspection was completed, and basic rectification was completed before other systemic rectification projects.