Former Chinese Banking Regulator Ensnared in Graft Crackdown

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Liu Feng, secretary general of the China Banking Association. Photo: file photo

Liu Feng, a former banking regulator, is being investigated for suspected graft, joining a growing list of officials ensnared by China’s crackdown on financial corruption.

Liu, a former secretary-general of the China Banking Association (CBA), is being investigated for serious violations of law and Communist Party discipline — a common euphemism for corruption, the country’s top graft-buster announced Friday.

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Liu Feng, former secretary-general of the China Banking Association, is being investigated for suspected corruption.
The investigation is part of a broader crackdown on financial corruption by China's top graft-buster.
Other financial officials, including Li Huatao, Ren Chunsheng, and Zhao Dongsheng, have also been recently placed under investigation.

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What Happened When

April 2024：: The Central Commission for Discipline Inspection (CCDI) launched an inspection at the National Financial Regulatory Administration (NFRA).

May 2024：: Ren Chunsheng, head of the preparatory team for the NFRA’s complaint mediation center, and Zhao Dongsheng, a former inspector at the Qingdao office of the CBIRC, were put under investigation for suspected graft.

June 2024：: Li Huatao, a former director of the NFRA’s branch in Guizhou province, was put under investigation by the CCDI.

July 5, 2024：: The country’s top graft-buster announced that Liu Feng, a former secretary-general of the China Banking Association (CBA), is being investigated for serious violations of law and Communist Party discipline.

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