Controversies

Bank of Communications Fined and Confiscated About RMB 68.07 Million by Central Bank for 11 Violations

In December 2025, the People's Bank of China published penalty information: Bank of Communications was warned for 11 violations including violating account management regulations and anti-money laundering, had illegal gains of about RMB 239,800 confiscated and was fined RMB 67.8343 million, for total fines and confiscation of about RMB 68.0741 million; 13 responsible persons were fined RMB 4,000 to RMB 170,000. In January 2026, the Shanghai Financial Regulatory Bureau also fined and confiscated about RMB 6.1187 million from Bank of Communications Shanghai Branch and 8 responsible persons for violations including granting credit loans to related parties. It was one of the larger bank fines in 2025, reflecting "institution + individual" penetrating accountability.

Bank of Communications Fined RMB 41 Million for 23 Violations Including Wealth Management and Interbank Business

A review by The Paper of regulatory penalties shows that Bank of Communications was fined RMB 41 million for 23 violations, including unsound wealth management and interbank systems, wealth management funds illegally invested in land reserve projects, and repeated occurrence of problems found in inspections. Progress: media compiled published administrative penalties. Entity involved: Bank of Communications Co., Ltd.

Regulator fines two banks over customer information protection violations

Fine or penalty

On August 5, the China Banking and Insurance Regulatory Commission disclosed that China Merchants Bank Credit Card Center and Bank of Communications Pacific Credit Card Center had each been fined RMB 1 million for failing to fulfill security-protection obligations concerning customer personal information. The cited violations occurred in 2019.