Former ICBC Shenzhen Executive Probed Amid Guangdong Graft Sweep

Yao Yuping, a former vice president of the Shenzhen branch of Industrial and Commercial Bank of China Ltd. (ICBC), is under investigation for suspected serious disciplinary and legal violations.

The probe into the retired banker, who oversaw corporate finance at the state-owned lender’s Shenzhen branch for about a decade, comes amid an antigraft sweep in southern China’s Guangdong province that appears linked to troubled financing involving a major supplier to the fallen developer China Evergrande Group.