Due to violations of account management regulations, violations of clearing management regulations, etc., Shanghai Pudong Development Bank was fined more than 42.5 million yuan.

The administrative penalty announcement issued by the People's Bank of China on February 14th shows that Shanghai Pudong Development Bank Co., Ltd. was fined a total of over 42.5 million yuan for 10 illegal activities, including violations of account management regulations and clearing management regulations, with illegal gains of 2.7545608 million yuan confiscated and a fine of 42.2289 million yuan.