ICBC Executives Taken Away as Concerns Mount Over China’s Biggest Bank
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Two executives at Industrial and Commercial Bank of China Ltd. (ICBC) have been taken away by authorities, in a sign of mounting scrutiny at the world’s largest lender following the disappearance of a provincial branch head.
Fu Jianmin, a manager at the bank’s Guangdong branch, and Lü Hongxiao, a vice president at the Gansu branch, were recently taken away, sources familiar with the matter told Caixin.
The move comes just after Tao Biao, head of ICBC’s Yunnan branch, went missing last month, though no official investigation into Tao has been announced yet.
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- Two ICBC executives, Fu Jianmin (Guangdong branch) and Lü Hongxiao (Gansu branch), were taken away by authorities amid growing anti-corruption scrutiny.
- Their detentions follow the unexplained disappearance of Tao Biao, head of ICBC’s Yunnan branch, and previous investigations into other ICBC officials.
- The moves signal intensified regulatory focus on banking executives with exposure to real estate and corporate credit risks in China.
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Who’s Who
- Industrial and Commercial Bank of China Ltd.
- Industrial and Commercial Bank of China Ltd. (ICBC), the world's largest lender, is facing increasing scrutiny. Two executives, Fu Jianmin and Lü Hongxiao, were recently taken away by authorities. This follows the disappearance of Tao Biao, head of ICBC's Yunnan branch. These events highlight Beijing's intensifying anti-corruption campaign in the financial sector, focusing on veteran bankers with real estate and corporate credit risks.
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What Happened When
- 2021：
- Lü Hongxiao transferred to ICBC's Gansu branch.
- 2023：
- Huang Mingxiang, former president of ICBC's Guangdong branch, was probed.
- Earlier in 2025：
- Xu Jie, former head of ICBC's Henan provincial branch, was placed under corruption investigation.
- September 2025：
- Xu Jie was expelled from the Communist Party for serious violations.
- November 2025：
- Tao Biao, head of ICBC's Yunnan branch, went missing.
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