Jun 10, 2023 04:10 AM

FINANCE

Ex-PBOC Deputy Governor Kicked Out of Communist Party

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Fan Yifei

Fan Yifei

What’s new: Fan Yifei, a former deputy governor of China’s central bank, was expelled from the Communist Party and removed from official posts on allegations including taking bribes and abusing power.

Fan, 59, became the deputy head of the People’s Bank of China (PBOC) in early 2015, overseeing fintech and payment sectors. He was placed under graft investigation in November 2022.

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