The first case of banking antitrust! Baidu and CITIC Bank, shareholders of Baixin bank, were fined 500000 yuan respectively
Financial Associated Press, November 22 (Xinhua) -- antitrust in the financial industry has been continuously strengthened. Two enterprises illegally set up banks to receive fines for violating the antitrust law of the people's Republic of China. On November 20, the State Administration of Market Supervision announced a decision on administrative punishment, pointing out that the newly established joint venture between Fujian Baidu Borui Network Technology Co., Ltd. (hereinafter referred to as "Baidu") and China CITIC Bank violated the relevant provisions of the anti-monopoly law. Based on the investigation and evaluation conclusion, it decided to impose a fine of 500000 yuan on Baidu and China CITIC Bank respectively, which was the top punishment. The ticket is regarded as the first antitrust case in the banking industry.
Briefing Jun 27, 2022 12:04 PM
· Technology
Baidu: will release heavy products in the fields of intelligent cloud, automatic driving, large model, etc
Briefing Jun 07, 2022 09:05 PM
Shanghai Municipal Bureau of human resources and social security: international students from the world's top 50 universities can directly settle in Shanghai
In-depth
Briefing Jun 06, 2022 04:56 PM
Ophthalmologist taoyong and Xiaodu jointly launched a learning machine more suitable for children than pad
Jan 30, 2024 07:59 PM
Dec 11, 2023 08:49 PM
Jan 06, 2023 08:30 AM
Jan 05, 2023 07:33 PM
Briefing May 24, 2022 01:35 PM
· Automotive
Nippon power plans to build the largest "e-axis" plant in Zhejiang, which is expected to be put into operation in October next year
Briefing May 23, 2022 12:44 PM
· Technology
Baidu's first industry model
Briefing May 18, 2022 10:54 AM
· Technology
China's first virtual cultural relic commentator "Wen Yaoyao" officially appeared
Briefing May 18, 2022 07:44 AM
· Technology
Robin Lee: the intelligent transformation of transportation network can promote the annual growth of GDP by 2.4%-4.8%
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM