FINANCE

China Central Bank-Linked Official Placed Under Investigation

Published: Jun. 10, 2026 6:23 p.m. GMT+8

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Chao Kejian

A Chinese financial official with a career spanning capital markets, local government and central bank regulation has been taken away by authorities in an investigation just weeks after a new appointment, Caixin has learned.

Chao Kejian, a former head of the central bank’s anti-money laundering bureau, was taken away on June 1, sources with knowledge of the matter said.

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Chao Kejian, former central bank anti-money laundering head, taken for investigation on June 1.
Probe followed his appointment as chairman of CFCG, a central bank-owned IT firm.
Investigation may relate to his handling of P2P risk disposal or earlier exchange work.

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Who’s Who

China Financial Computerization Group Co. Ltd.: China Financial Computerization Group Co. Ltd. (CFCG) is a central bank-owned financial IT services company. It provides core IT systems support for the People's Bank of China, including software development and disaster recovery. Chao Kejian was appointed its chairman in May 2024 but was taken away for investigation on June 1.

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