FINANCE

Former ICBC Executive Investigated as Anti-Graft Scrutiny Deepens

Published: Jan. 29, 2026 6:22 p.m. GMT+8

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Guo Wei

Guo Wei, a retired former head of Industrial and Commercial Bank of China Ltd.’s (ICBC) Yunnan branch, has been placed under investigation for suspected corruption, marking the third former chief of the provincial unit to face scrutiny.

Authorities said Wednesday that Guo is suspected of “severe violations of (Communist Party) discipline and law.” ICBC is the world’s largest bank by assets.

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Guo Wei, former ICBC Yunnan branch head, is under investigation for suspected corruption after retirement.
Two previous Yunnan branch chiefs, Xu Hai and Jiang Yulin, were also investigated in 2022 and 2025; successor Tao Biao is currently unreachable.
The probe reflects Beijing’s ongoing anti-corruption campaign in the financial sector targeting senior executives.

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Industrial and Commercial Bank of China Ltd.: The Industrial and Commercial Bank of China Ltd. (ICBC) is the world's largest bank by assets. Its Yunnan branch has been the focus of a corruption crackdown, with three former chiefs, including Guo Wei, Xu Hai, and Jiang Yulin, under investigation for suspected severe violations of discipline and law.

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