FINANCE

China Probes Former Banking Regulator Over Suspected Corruption

Published: Apr. 13, 2026 5:40 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Zhao Xiule.

Chinese authorities are investigating Zhao Xiule, a former banking regulator in the eastern city of Wenzhou, after he turned himself in for suspected corruption.

The probe was announced Friday by anti-graft authorities.

People familiar with the matter told Caixin that Zhao had been taken away by authorities weeks earlier.

Zhao, a longtime figure in Zhejiang’s financial regulatory system, previously headed the Wenzhou branch of the now-defunct China Banking Regulatory Commission and later served as an inspector at its successor before retiring.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Chinese authorities probe Zhao Xiule, ex-Wenzhou banking regulator, for suspected corruption after he surrendered; announced Friday.
Zhao taken away weeks earlier; longtime Zhejiang financial official, led now-defunct CBRC Wenzhou branch.
Key in 2012 Wenzhou financial reforms for lending crisis; probe may link to bad-debt disposals or local banking corruption.

AI generated, for reference only