Former Zheshang Bank Chairman Under Anti-Graft Investigation

What’s new: Shen Renkang, former chairman of China Zheshang Bank, is under investigation for suspected violations of law, the country’s anti-graft watchdog said Monday.

Shen, 60, and his wife were taken away by authorities following the Lunar New Year holiday in late January, Caixin learned from sources.

Shen resigned as chairman of the joint-stock commercial bank based in Hangzhou a year ago, one year ahead of the mandatory retirement age.

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