Several branches of ICBC in Shanghai were punished

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Recently, several branches of ICBC in Shanghai were punished by the Shanghai Financial Regulatory Bureau for serious violations of prudent operation rules in their loan business. At the same time, four employees were warned or fined.

The administrative penalty information disclosure form of the Shanghai Regulatory Bureau of the State Financial Supervision and Administration Bureau (Shanghai Jin Penalty Decision [2025] No. 66) shows that the Shanghai Jinshan Branch of ICBC was fined 200,000 yuan by the Shanghai Financial Regulatory Bureau for serious violations of prudent operation rules in its loan business.

The administrative penalty information disclosure form of the Shanghai Regulatory Bureau of the State Financial Supervision and Administration Bureau (Shanghai Jin Penalty Decision [2025] No. 73) shows that the Shanghai Luwan Branch of ICBC was fined 300,000 yuan by the Shanghai Financial Regulatory Bureau for serious violations of prudent operation rules in its loan business.

The administrative penalty information disclosure form of the Shanghai Regulatory Bureau of the State Financial Supervision and Administration Bureau (Shanghai Jin Penalty Decision [2025] No. 75) shows that the Shanghai Pudong Branch of ICBC was fined 400,000 yuan by the Shanghai Financial Regulatory Bureau for serious violations of prudent operation rules in its loan business.

The administrative penalty information disclosure form of the Shanghai Regulatory Bureau of the State Financial Supervision and Administration Bureau (Shanghai Financial Penalty Decision No. [2025] 76) shows that the Shanghai Chongming Branch of Industrial and Commercial Bank of China Limited was fined 200,000 yuan by the Shanghai Financial Regulatory Bureau for serious violations of prudent business rules in its loan business.

The AI ​​mediator of the Qingdao Internet Dispute People’s Mediation Committee analyzed that commercial banks and other financial institutions must follow the “Banking Supervision and Administration Law of the People’s Republic of China”, which stipulates the regulatory principles of the banking industry and the responsibilities of supervisory agencies. Article 37 stipulates that “Banking financial institutions shall strictly abide by the provisions of this Law and other laws, regulations and rules when conducting credit business, and shall not engage in the following activities: (a) granting credit loans to related parties; (b) granting loans to borrowers who do not meet the national industrial policies and access conditions; (c) using borrowed funds or absorbing customer funds to grant loans; (d) issuing financial bonds in the interbank bond market or borrowing overseas without approval; (e) raising or lowering interest rates in violation of regulations or adopting other improper means to absorb deposits and grant loans; and (f) other acts that violate the regulations of the People’s Bank of China.” If a bank fails to conduct a comprehensive review of the borrower’s qualifications in accordance with relevant regulations or conducts an improper review, resulting in a large number of non-performing loans, it may constitute a violation of prudent business rules.