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, 2022A CBIRC circular outlines the measures it will take to align with CCP objectives, following inspections on the regulator carried out last year.
September 18, 2022Authorities say they have made “significant progress” in recovering the stolen money and have also started repaying more victims of the fraud.
August 31, 2022Under Chinese law, all companies are required to have a CCP unit, but this has so far not been widely enforced at foreign financial firms.
July 26, 2022A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.
June 6, 2022The guidelines formalise obligations for banks and insurers to integrate Communist Party leadership in the governance of state-owned and private banks and insurers.
February 5, 2021The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.
February 3, 2021Lai Xiaomin took almost 1.8bn yuan in bribes over ten years and colluded with others to embezzle over 25mn yuan in public funds. His sentence will be announced at a later date.
August 14, 2020The statement from the Chinese Communist Party's anti-corruption body did not provide details the alleged misconduct.
June 8, 2019