SAFE - State Administration of Foreign Exchange

SAFE (State Administration of Foreign Exchange) imposed a CNY 42.7 million (USD 6.6 million) fine on China’s biggest policy bank for illegally guaranteeing a loan to a company linked to HNA Group.


Published on Mar. 19th, 2021 Published on Mar. 19th, 2021

MSTAR comment

Main link in Chinese, secondary link in English

To read more operational risk news, register for free on MSTAR Platform.

Register for free