China CITIC Bank Shenzhen Branch was fined 1.2 million yuan for two violations, and three responsible individuals were given warnings.

According to information from the Shenzhen Financial Regulatory Bureau, the Shenzhen branch of China CITIC Bank and related responsible persons were penalized for sources of bank acceptance bill margins being non-compliant and insufficient due diligence in background checks for letter of credit trades. The bureau confiscated illegal gains of 82,166.67 yuan from the institution and imposed a fine of 1.2 million yuan; three individuals were given warnings.