A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong's Central business district Dec 26, 2014. Large state-owned lenders, including China Construction Bank, Bank of China (BOC), Agricultural Bank of China, China Minsheng Banking Corp, China Merchants Bank , and Ping An Bank were told to conduct an overhaul due to breaching the rules, Caixin reported. The central bank also found Hengfeng Bank, Bank of Nanjing and BOC's Shanghai branch had severely violated regulations, the report said. The PBOC started to check banks' interbank accounts in September last year, Caixin said. Hengfeng Bank and BOC did not immediately respond to requests seeking comment.

Source: Bangkok Post August 01, 2017 04:56 UTC