FINANCE

China Zheshang Bank Manager Taken Away Amid Widening Graft Probe

Published: Nov. 17, 2025 3:56 p.m. GMT+8

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A middle manager at China Zheshang Bank Co. Ltd. (CZBank) has been taken away by authorities, as a series of corruption cases has hit the lender amid Beijing’s ongoing scrutiny of the financial sector.

Huang Qianwen, an executive in the bank’s corporate department, was recently taken away from his post, Caixin has learned from multiple sources with knowledge of the matter.

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Several CZBank executives, including Huang Qianwen, Zhou Weihua, and Yang Handi, were recently taken away by authorities amid corruption probes.
Ongoing investigations target issues such as fraudulent marketing expense reimbursements and broader corruption, including prior scrutiny of a former chairman.
CZBank is one of China’s 12 national joint-stock commercial banks, with increased attention due to rapid expansion and lax oversight concerns.

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Who’s Who

China Zheshang Bank Co. Ltd.: China Zheshang Bank Co. Ltd. (CZBank) is one of China's 12 national joint-stock commercial banks. It is currently facing increased scrutiny due to multiple corruption cases, leading to several executives being taken away by authorities. These cases, including investigations into former senior executives and a middle manager, highlight concerns about the bank's rapid expansion and potential irregularities in marketing expense reimbursements.

Bank of China Ltd.: Huang Qianwen, an executive at China Zheshang Bank, previously worked at Bank of China Ltd., one of China's "Big Four" state-owned banks, before joining CZBank in 2018. The article does not provide further information about Bank of China Ltd. beyond its status as a major state-owned bank.

China CITIC Bank Corp. Ltd.: Huang Qianwen, an executive at China Zheshang Bank Co. Ltd. (CZBank), previously worked at China CITIC Bank Corp. Ltd. before joining CZBank in 2018. The article does not provide specific details about China CITIC Bank itself, but it indicates its role as a past employer for a veteran banker now under investigation at CZBank.

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