Anti-graft probes position Chinese banks in tight spot | china, graft, corruption, antigraft, probe, arrest, transparency

The lately introduced outcomes of anti-corruption investigations into the exercise of main Chinese language banks, have positioned them between a rock and a tough place

Proof of corruption amongst prime banking administration and loans professionals is widespread, in keeping with the Chinese language authorities’s announcement on anti-corruption investigations, on February 24

Particularly, a number of circumstances have been highlighted at main Chinese language state-owned coverage financial institution, China Growth Financial institution In January 2021, Hu Huaibang, a former chairman of the financial institution was sentenced to life in jail as a consequence of corruption, and on January 26, the Chinese language authorities introduced that moreover, the financial institution’s former vice chairman, He Xinxiang, can be expelled from the…

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