The arrest followed the completion of an investigation into allegations of bribery, abuse of power, and trading on nonpublic information.
October 29, 2022The former president was abruptly removed from his post in April, after spending nearly nine years building CMB into China's top retail bank.
October 13, 2022China Development Bank was handed the largest penalty, amounting to CNY 42.7 million. The other nine banks were fined a combined CNY 6.6 million.
October 5, 2022Another senior investment manager of Sino IC Capital is being probed for fraud involving China's biggest investment fund for the chip sector.
September 22, 2022The PBOC plans to offer special loans to financial institutions to help them increase lending to property developers.
August 23, 2022Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.
August 15, 2022State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.
April 5, 2022The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.
January 17, 2022He Xingxiang is the second most senior official at China Development Bank to become the subject of a corruption probe.
September 14, 2021The ex-president of China Development Bank's Chongqing branch has been expelled from the CCP and removed from all public posts amid a corruption probe.
June 25, 2021