Former Chief of State-Owned Huishang Bank Booted From Communist Party After Graft Probe

What’s new: Dai Hedi, a former chair of Hong Kong-listed Huishang Bank Corp. Ltd., was expelled from the Communist Party for alleged corruption, according to a statement (link in Chinese) released by the anti-graft agency in Anhui province on Sunday.

Dai, 69, served as the party secretary and chair of Huishang between 2005 and 2008. She retired in 2013.

According to the statement, Dai was accused of taking bribes and abusing her power to seek benefits for others in terms of financing.