China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues

/China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues

China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues

The former chairman of a state lender known as “Beijing’s super bank” is being investigated for “a serious disciplinary violation”, according to a statement from the Communist Party’s enforcement agency on Wednesday.Hu Huaibang, who was chairman of China Development Bank (CDB) for more than five years until his retirement in September last year, is suspected to be the latest in an already long line of heavyweight financial officials toppled by Beijing’s anti-corruption campaign.Also former…

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By | 2019-07-31T10:31:52+00:00 July 31st, 2019|Uncategorized|Comments Off on China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues