Chinese central bank delegate under investigation for alleged violations

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Fan, 58, has held the position of deputy governor since early 2015.

Shenzhen:

China’s top anti-corruption watchdog said on Saturday it is investigating Fan Yifei, one of China’s six deputy governors, over “suspected serious violations of discipline and law”.

Fan, 58, has held the position of deputy governor since early 2015, for which he held senior positions at China Construction Bank and China Investment Corporation.

In recent years, Chinese President Xi Jinping has stepped up his efforts to root out corrupt Communist Party officials in the financial sector.

The Central Commission for Discipline Inspection (CCDI) announced the investigation in a statement, but did not provide details.

In May, the CCDI said it was investigating Sun Guofeng, the former head of the central bank’s monetary policy department, for suspected violations.

In February, the anti-transplant watchdog completed an inspection of 25 financial sector institutions, including the central bank, banking and insurance regulators, in the industry’s first coordinated inspection since 2015.

(Except for the headline, this story has not been edited by NDTV staff and has been published from a syndicated feed.)

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