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China Probes Former Hua Xia Bank Chairman for Alleged Corruption

Published: Dec. 23, 2025 4:45 p.m. GMT+8

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Li Minji

Former Hua Xia Bank (600015.SH) Chairman Li Minji is under investigation for alleged corruption, Chinese state media reported, marking the first official confirmation of his status since he abruptly resigned from the lender.

The probe into Li was disclosed Monday at a meeting of the Beijing municipal committee of the Communist Party, according to the official Beijing Daily.

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Former Hua Xia Bank chairman Li Minji is under official investigation for alleged corruption, following his resignation in January.
Li, who led the bank since 2017, recently lost his membership in China’s top political advisory body, indicating his political decline.
Hua Xia, with total assets of 4.6 trillion yuan as of September, has appointed Yang Shujian as its new chairman.

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Who’s Who

Hua Xia Bank: Hua Xia Bank is one of China's 12 national joint-stock banks, with total assets of nearly 4.6 trillion yuan ($653 billion) as of September. Its former Chairman, Li Minji, is under investigation for alleged corruption and has been replaced by Yang Shujian.

Bank of Beijing: Yang Shujian, the former president of **Bank of Beijing**, has been appointed as the new chairman of Hua Xia Bank. This information is mentioned in the article in the context of leadership changes at Hua Xia Bank.

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What Happened When

2017：: Li Minji became Chairman of Hua Xia Bank.

January 2025：: Li Minji stepped down as Chairman of Hua Xia Bank, citing personal reasons.

June 2025：: China’s top political advisory body formally revoked Li Minji’s membership.

By the end of September 2025：: Hua Xia Bank reported total assets of nearly 4.6 trillion yuan ($653 billion).

December 23, 2025：: The probe into Li Minji was officially disclosed at a meeting of the Beijing municipal committee of the Communist Party, according to Beijing Daily.

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