The bank used credit card contracts to “force” customers to accept cross-selling, which infringes on consumers' right to fair transactions, the CBIRC said.
December 22, 2021State-owned lender Huaxia Bank has restricted some of its FX services amid regulatory concerns over yuan volatility.
September 8, 2021Huaxia Bank, China Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia's China branch were fined a total $56.9mn.
May 24, 2021Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
September 8, 2020