ICBC’s Shanghai Branch Chief Under Probe

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Chips Drive China’s Electronics Exports; China Fines Kuaishou Unit $3.8 Million for E-Commerce Violations

LATEST: China Fines Kuaishou Unit $3.8 Million for E-Commerce Violations; Chips Drive China’s Electronics Exports; Robots Take the Stage at China’s Spring Festival Gala; Alibaba Unveils New AI Chip to Rival Nvidia’s China Offerings; ASML Expects China Revenue Drop Following Backlog-Fueled Surge; China’s Telecom Industry Stalls as Traditional Revenue Dries Up; TikTok Outage Puts New U.S. Operations to the Test; Moonshot AI Gets More Into Agents With New Model; Texas Doubles Down on China Tech Ban, Adding AI and E-Commerce Giants; Chinese GPU-Maker Challenges Nvidia in Three-Year Development Plan; In Depth: Tencent Bets Its AI Future on 28-Year-Old From OpenAI; Alibaba Sets Sights on ChatGPT and Gemini With New AI Model; China’s AI App Developers Lure New Users With Digital Red Envelopes; StepFun Raises $717 Million, Outpacing Newly Listed AI Rivals; LandSpace Pushes Ahead With $1.1 Billion IPO as Exchange Reviews Application; Unitree Defends Robot Sales as Rival Claims Market Crown; Xiaomi to Buy Back $321 Million in Shares After $72 Billion Rout; Alibaba Plans Spinoff of Chip Arm T-Head Amid AI Boom; Moore Threads Projects 2025 Revenue to More Than Triple on AI Chip Demand; China’s AI Industry Tops $172 Billion as Manufacturing Integration Accelerates

By Han Wei / Jun 06, 2019 11:56 PM / Politics & Law

Gu Guoming. Photo: VCG

The head of the Shanghai branch of the Industrial and Commercial Bank of China Ltd. (ICBC), the country’s largest state-owned bank, is under investigation by the Communist Party’s anti-graft watchdog.

Gu Guoming, party chief and president of ICBC Shanghai, has been placed under investigation for "suspected serious disciplinary violations," China's Central Commission for Discipline Inspection (CCDI) said in a statement Thursday.

The graft buster didn’t provide any detail about the investigation, but the phrase often refers to corruption.

Gu last appeared in a media report May 27 when he attended a ceremony at the Shanghai Futures Exchange.

Contact reporter Han Wei (weihan@caixin.com)

Share this article

Open WeChat and scan the QR code