Former China Construction Bank Executive Sentenced to 18 Years for Graft
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Zhang Gengsheng. Photo: CCTV News
A former executive vice president of China Construction Bank Corp. (CCB) was sentenced to 18 years in prison on Wednesday for accepting bribes and issuing loans in violation of regulations, underscoring the continued reach of the country’s financial sector anti-corruption drive.
The court also imposed a 4.1 million yuan ($588,000) fine on Zhang Gengsheng. CCB is one of China’s “Big Four” state-owned banks.
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- Former CCB executive Zhang Gengsheng was sentenced to 18 years in prison and fined 4.1 million yuan for bribery and illegal loan issuance.
- Zhang accepted over 40 million yuan in bribes from 2006–2019, abusing positions to approve loans and favors.
- Investigated in 2024 after retirement, Zhang’s case highlights China's ongoing financial sector anti-corruption efforts.
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Who’s Who
- China Construction Bank
- China Construction Bank (CCB) is one of China's "Big Four" state-owned banks. A former executive vice president, Zhang Gengsheng, was sentenced to 18 years in prison for accepting bribes and issuing illegal loans, causing significant losses to the bank. This case highlights ongoing anti-corruption efforts within China's financial sector, even targeting retired officials.
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What Happened When
- Between 2006 and 2019：
- Zhang Gengsheng abused his positions at China Construction Bank to help companies and individuals secure loans, job arrangements, and other favors in exchange for bribes.
- 2016 and 2017：
- Zhang Gengsheng arranged large loans for borrowers who failed to meet requirements, causing particularly major losses to the bank.
- By 2020：
- Zhang retired from China Construction Bank (nearly four years before being investigated in 2024).
- 2024：
- Zhang Gengsheng was placed under a corruption investigation.
- January 21, 2026：
- Zhang Gengsheng was sentenced to 18 years in prison and fined 4.1 million yuan for bribery and issuing illegal loans.
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