The State Administration of Foreign Exchange imposed administrative penalties on Shanghai Pudong Development Bank. Administrative measures taken by the State Administration of Foreign Exchange to prevent and control market financial risks and severely crack down on illegal foreign exchange activities. Confiscation plays a decisive role in bank management.

The five illegal contents of administrative punishment are: illegally handling forward foreign exchange settlement business; Handling options trading in violation of regulations; Handling the domestic insurance and foreign loan business in violation of regulations; Handling real estate commission collection and settlement business in violation of regulations; The statistics of foreign exchange settlement and sale are incorrect. Shanghai Pudong Development Bank was fined120,000 yuan for five illegal acts. In recent years, the punishment of banking institutions or employees by relevant state departments has helped to reduce the risks of individual banks and banking systems. Like the village bank incident in Henan some time ago, the village bank was manipulated by Lu and involved a series of financial industry employees. As a result, depositors' money cannot be withdrawn, causing panic to the public. Later, the country came forward and solved the problem fundamentally. ?

Recently, the total amount of fines imposed on banks by the State Administration of Foreign Exchange has been on the rise, reflecting the increased punishment on banks. From the distribution area, the number and amount of bank penalties in coastal cities are more prominent than those in inland cities. Shanghai-based Shanghai Pudong Development Bank is the most economically developed place in China, and it is more likely to face foreign exchange risks. Judging from the types of institutions punished, state-owned banks have the most fines, and joint-stock banks have the heaviest penalties. As an important link in the implementation of foreign exchange management policies, the responsibilities undertaken by banks are becoming more and more prominent and complex. In cities with developed financial industry, it is easy to see the absence of banking functions, which will seriously restrict foreign exchange management and risk prevention.

The State Administration of Foreign Exchange (SAFE) has stepped up its supervision and evaluation of banks to reduce financial risks to a controllable level. But also to ensure the security of China's financial system and safeguard the interests of the broad masses of the people. The use of confiscation and other means is also to monitor whether there are illegal operations in these industries.