FINANCE

China Removes Senior Financial Regulator After Graft Probe

Published: Apr. 22, 2026 11:51 a.m. GMT+8

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Zhou Liang.

China has removed a senior financial regulator following a corruption investigation, the latest sign of Beijing’s sweeping crackdown on misconduct in the sector.

The State Council removed Zhou Liang from his role as a vice minister of the National Financial Regulatory Administration (NFRA), according to an official statement issued Tuesday, about a month after the country’s top anti-graft body placed him under investigation.

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Explore the story in 30 seconds

China removed Zhou Liang, 54, top vice minister of NFRA, after corruption probe.
Zhou, from Hunan, oversaw banks/insurers with 8+ years in regulation.
Case amid investigations of Hunan-linked officials like Mayor Hu Henghua and lawmaker Yi Lianhong.

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