May 15, 2023 06:59 PM

FINANCE

Former Minsheng Bank Executive Caught in Graft Probe

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What’s new: Xing Benxiu, a former vice president of China Minsheng Banking Corp. Ltd. (600016.SH), is being investigated for alleged corruption by the country’s top graft watchdog, according to an official announcement.

Xing is suspected of serious violations of law and Communist Party discipline — a common euphemism for corruption — the Central Commission for Discipline Inspection (CCDI) said Saturday.

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