Caixin
Nov 22, 2016 02:22 PM
BUSINESS

In Depth: Hengfeng Bank Shaken by Management Feuds, Regulatory Inquiries

Photo: Caixin
Photo: Caixin

(Beijing) — Bitter quarrels within management and inquiries by China's banking regulator into opaque capital flows have rattled Shandong-based Hengfeng Bank, one of the country's 12 national commercial banks.

Hengfeng, also known as Evergrowing Bank, may have violated banking regulations or corporate laws, according to a Caixin review of company documents, interviews with a former president of the bank and others close to the organization.

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