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: Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model; Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform; China’s Semiconductor Software Push Gains Traction Amid U.S. Curbs

LATEST: Lenovo Executive Urges AI Startups to Take On Tech Giants; Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform; Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model; Pony AI Plans to Triple Robotaxi Fleet to 3,000 by 2026 as Revenue Jumps; China’s Semiconductor Software Push Gains Traction Amid U.S. Curbs; Alibaba Scales Back Retail Spending, Dismisses AI Bubble Fears; Huawei Slashes Flagship Phone Price Amid Slowing Shipments; China’s CXMT Takes Aim at Global Leaders With High-End DDR5 Memory Chips; Alibaba’s Profit Plunges 72% on Costly Foray Into Instant Retail; Xiaomi, Founder Stem Stock Rout With $115 Million Buyback; Analysis: Soaring Legacy Chip Prices Spark Windfall — and Risk — Across Supply Chain; Alibaba, Ant Race to Catch Rivals in China’s AI App Boom; New Flight System Targets ‘Blind Spots’ in China’s Low-Altitude Economy; Cover Story: The AI Boom’s Unsettling Paradox; AI Keeps China, U.S. From Decoupling Despite Trade Tensions, Insiders Say; Wingtech Demands Return of Nexperia Control After Dutch Freeze Pause; Intel Pivots to Custom Chips to Tap China’s Trillion-Yuan Computing Markets; Geely Leads $141 Million Round for Tsinghua-Linked Robotics Startup; China’s Giant Neutrino Detector Delivers First Results With Record Precision; China Unicom Taps Veteran Executive as Chairman to Navigate Telecom Transition

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