Mar 13, 2024 05:41 PM

FINANCE

Former Policy Bank Executive Caught in Anti-Corruption Dragnet

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What’s new: Li Jiping, a former executive vice president of the China Development Bank (CDB), is being investigated by China’s top corruption watchdog, the latest on a roster of high-ranking officials embroiled in graft probes related to the country’s largest policy lender by assets.

The retired CDB official is suspected of “serious violations of (Communist Party) discipline and law,” the Central Commission for Discipline Inspection (CCDI), China’s top graft buster, said Wednesday, using a common euphemism for corruption.

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