China probes vice president of China Development Bank for suspected discipline and law violations

9/9/2021 12:07:00 PM

China probes vice president of China Development Bank for suspected discipline and law violations

China probes vice president of China Development Bank for suspected discipline and law violations

BEIJING : China's top graft buster is investigating He Xingxiang, Vice President of China Development Bank (CDB), in the latest of a series of investigations into top officials at state-owned financial institutions.He, born in 1963, is under investigation by the Central Commission for Discipline Inspectio

BEIJING : China's top graft buster is investigating He Xingxiang, Vice President of China Development Bank (CDB), in the latest of a series of investigations into top officials at state-owned financial institutions.He, born in 1963, is under investigation by the Central Commission for Discipline Inspection (CCDI) for suspected “severe discipline and law violations”, the CCDI said on its website without elaborating further.

Before serving as a member of Party Committee at the leading policy bank CDB, He worked at Bank of China and Agricultural Development Bank of China.(Reporting by Zhang Yan and Ryan Woo; Editing by David Goodman)

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He, born in 1963, is under investigation by the Central Commission for Discipline Inspection (CCDI) for suspected “severe discipline and law violations”, the CCDI said on its website without elaborating further. Before serving as a member of Party Committee at the leading policy bank CDB, He worked at Bank of China and Agricultural Development Bank of China. Despite previous promises that their rule would be inclusive, the government is drawn exclusively from loyalist ranks with established hardliners in all key posts and no women. (Reporting by Zhang Yan and Ryan Woo; Editing by David Goodman) Source: Reuters . Media has reported this week on various ways parents and tutors have been trying to circumvent the rules, including how some agencies were advertising live-in tutors who could command salaries of up to 30,000 yuan ($4,650) a month.