# Bank of Communications
Latest news and articles about Bank of Communications
Total: 2 articles found
Politics
Digital Graft and Superstition: Former Bank of Communications Executive Purged in China’s Financial Crackdown
Hou Weidong, former deputy governor of the Bank of Communications, has been expelled from the CCP for severe corruption, including the misuse of fintech resources and bribery. The case highlights Beijing's continued focus on cleaning up the state-owned banking sector and its zero-tolerance policy toward the abuse of digital financial assets.
NeMo2026年5月7日 06:23
#Anti-corruption#Bank of Communications#Hou Weidong
Business
Bank of Communications Hit by Wave of Provincial Fines as Regulators Tighten Oversight
Since January, Chinese regulators have issued at least 11 penalties against regional branches of the Bank of Communications for widespread compliance and lending violations. The fines, though modest relative to the bank’s size, expose systemic weaknesses in governance and signal tightened regulatory scrutiny across provinces.
NeMo2026年2月12日 04:24
#Bank of Communications#China banking#regulatory fines