Anti-graft probes position Chinese banks in tight spot
Chinese banks have been ordered to lend more, but fear anti-corruption investigations.
Fransebas
Chinese banks have been ordered to lend more, but fear anti-corruption investigations.
March 22, 2022
The recently announced results of anti-corruption investigations into the activity of major Chinese banks, have placed them between a rock and a hard place
Evidence of corruption among top banking management and loans professionals is widespread, according to the Chinese government’s announcement on anti-corruption investigations, on February 24
In particular, several cases were highlighted at leading Chinese state-owned policy bank, China Development Bank In January 2021, Hu Huaibang, a former chairman of the bank was sentenced to life in prison due to corruption, and on January 26, the Chinese government announced that additionally, the bank’s former vice president, He Xinxiang, would be expelled from the...
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