Jul 21, 2023 07:10 PM

FINANCE

Another Ex-Exec of China’s Biggest Policy Bank Ensnared in Graft Dragnet

By Zhang Ziyu and Fan Qianchan

00:00

00:00/00:00

Listen to this article 1x

Wang Yongsheng, a former vice president of the China Development Bank, has been placed under investigation by the country’s top corruption watchdog.

Wang Yongsheng, a former vice president of the China Development Bank, has been placed under investigation by the country’s top corruption watchdog.

Wang Yongsheng, a former vice president of the China Development Bank (CDB), has been placed under investigation by the country’s top corruption watchdog, joining a long parade of executives ensnared in graft probes into the nation’s biggest policy lender.

Wang, 65, is suspected of “serious violations of (Communist Party) discipline and law,” a common euphemism for corruption, the Central Commission for Discipline Inspection (CCDI) said in a Thursday statement.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Powerful Quake Strikes Off Japan

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

China Business Uncovered Podcast: Inside the Fall of ‘China’s LVMH’

00:00

00:00/00:00

MOST POPULAR

1: Chief Designer of China’s J-20 Stealth Fighter Disappears From Elite Academic Roster

2: Exclusive: First Chinese Supertanker Loads Saudi Crude via Red Sea, Bypassing Strait of Hormuz

3: Qatar Helium Shutdown Adds New Risk to Chip Supply Chain

4: In Depth: China’s Apartment Middlemen Lose High-Stakes Bet That Rents Will Only Go Up

5: Former Head of China’s Mega-Firm Steps Down Amid Default Scandal

SPONSORED

OR