Authorities Kick Former Banking Regulator Out of Party and Public Office

What’s new: Guo Hong, a former banking regulator, has been expelled from the Communist Party and removed from public office for legal and disciplinary violations including accepting bribes, an official announcement said Wednesday.

Guo was arrested in October and prosecuted in a Tianjin court in November on charges including accepting “particularly huge sums in bribes,” according to previous official statements.