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A Chinese national bank has been almost completely purged

A Chinese national bank has been almost completely purged

The China Development Bank [National Development Bank] has undergone successive purges since 2016, until the last arrest, in mai 2023. The leading heads have all been arrested.

Arrests of senior executives. Why ?

To start, here are the names of the main victims of XJP's Chinese anti-corruption policy within the bank:

  • In June 2016, Yao Zhongmin, former Deputy Secretary of Party Committee and Chairman of Supervisory Board of China Development Bank.

  • In July 2019, Hu Huaibang, former Party Secretary and Chairman of China Development Bank.

  • In September 2021, He Xingxiang, then member of party committee and vice president of China Development Bank.

  • in mai 2023, Zhou Qingyu, former party committee member and vice president of China Development Bank.

otherwise, in between 2020 et 2023, a dozen senior officials from local branches of the bank were also arrested. Mainly accused of granting illegal loans.

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