FINANCE

China Probes Senior NFRA Official in Anti-Graft Push

Published: Mar. 24, 2026 6:00 p.m. GMT+8

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Zhou Liang

Zhou Liang, a vice minister at the National Financial Regulatory Administration (NFRA), has been placed under investigation for suspected corruption, the country’s top anti-graft watchdog announced Tuesday.

Zhou, in his mid-50s, took on the role following the NFRA’s establishment in 2023. At the agency, Zhou oversaw state-owned banks, policy banks, as well as policy research and financial accounting, people familiar with the matter told Caixin.

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Zhou Liang, vice minister at NFRA, is under investigation for suspected corruption.
He oversaw state-owned and policy banks, policy research, and financial accounting at NFRA since its 2023 founding.
Zhou previously worked at the top banking regulator and held roles at the anti-corruption watchdog.

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What Happened When

Before moving into financial regulation (before 2023)：: Zhou Liang worked at the top anti-corruption watchdog, serving at one point as head of its organization department.