According to administrative penalty information released by the State Administration of Financial Supervision and Administration on December 5, Industrial Bank was fined 7.2 million yuan for illegal acts such as inadequate management of outsourced institutions and inaccurate enterprise classification. Meanwhile, Zhang Hao, the person responsible, was warned and fined 60,000 yuan. In response, Industrial Bank said that the China Financial Supervisory Authority carried out relevant inspections on Industrial Bank in 2024 and recently issued an administrative penalty decision. “In response to regulatory opinions, the Bank attaches great importance to, investigation and reform. All relevant penalty issues have been rectified. At the same time, it insists on 'treating both the symptoms and the root problems' and 'doing the same reversal', continuously improving the data management system, continuously strengthening compliance management, optimizing long-term mechanisms, and consolidating the foundation for management development.” Industrial Bank said that in the next step, it will thoroughly implement the political and popular nature of financial work, strictly implement regulatory requirements, always adhere to strict governance and operation in accordance with the law, and continuously improve the level of customer service and the quality and efficiency of service to the real economy.

According to administrative penalty information released by the State Administration of Financial Supervision and Administration on December 5, Industrial Bank was fined 7.2 million yuan for illegal acts such as inadequate management of outsourced institutions and inaccurate enterprise classification. Meanwhile, Zhang Hao, the person responsible, was warned and fined 60,000 yuan. In response, Industrial Bank said that the China Financial Supervisory Authority carried out relevant inspections on Industrial Bank in 2024 and recently issued an administrative penalty decision. “In response to regulatory opinions, the Bank attaches great importance to, investigation and reform. All relevant penalty issues have been rectified. At the same time, it insists on 'treating both the symptoms and the root problems' and 'doing the same reversal', continuously improving the data management system, continuously strengthening compliance management, optimizing long-term mechanisms, and consolidating the foundation for management development.” Industrial Bank said that in the next step, it will thoroughly implement the political and popular nature of financial work, strictly implement regulatory requirements, always adhere to strict governance and operation in accordance with the law, and continuously improve the level of customer service and the quality and efficiency of service to the real economy.