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China fines 12 banks over illegal bill trading, fraud

China’sbankingregulatorsaidonSaturdaythatithadfined12Chineselendersafteruncoveringillegaltradingof7.9billionyuan(1.25billionUSdollars)ofbankbills.Thefraudhas“se

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China to step up regulations in banking sector

China'sbankingregulatorsaiditwilltightenregulationsinthebankingsectorthisyearinamovetodefusefinancialrisks.PrioritiesoftheworkwerelistedinastatementoftheChinaBa