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China Fund News Dawn

There is big news about financial anti-corruption!

On July 18, the official website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced:Xu Yanfeng, member of the Party Committee and Vice President of ICBC Shanghai BranchHe is suspected of serious violations of discipline and law and is currently undergoing disciplinary review by the Central Commission for Discipline Inspection and the National Supervisory Commission’s Discipline Inspection and Supervision Group of the Industrial and Commercial Bank of China and supervisory investigation by the Xining Municipal Supervisory Commission of Qinghai Province.

During the same period, the official WeChat account of "Qingfeng ICBC" and other channels also forwarded the news that Xu Yanfeng was being investigated.

Public information shows that Xu Yanfeng has worked in ICBC for many years and has served as general manager of the business department of the Liaoning Branch, president of the Benxi Branch, and assistant president of the Liaoning Branch. In September 2015, Xu Yanfeng was promoted to deputy president of the Liaoning Branch of ICBC. In 2022, Xu Yanfeng was transferred to the Shanghai Branch as deputy president.

In April this year, representative companies in the Shanghai banking and insurance industry had in-depth exchanges with the Chinese and foreign media reporting team on "Promoting High-quality Financial Development". Xu Yanfeng attended the event as the deputy president of ICBC Shanghai Branch and introduced the establishment of ICBC's head office-level science and technology innovation financial service center.

In addition, on July 11, the Data Governance Committee of the Shanghai Banking Association held the 2024 Shanghai Banking Industry Data Governance Work Exchange Forum at the Shanghai Branch of the Industrial and Commercial Bank of China. Xu Yanfeng, as the deputy president of the Shanghai Branch of the Industrial and Commercial Bank of China, attended and delivered a welcome speech. The event was only one week away from Xu Yanfeng's fall from power.

Since the second half of 2024, anti-corruption efforts in the financial sector have continued to deepen, and many officials under large state-owned banks have been investigated.

On July 3, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Agricultural Bank of China and the Hunan Provincial Commission for Discipline Inspection and Supervision, Jiang Qi, deputy inspector of the Hunan Branch of the Agricultural Bank of China, is suspected of serious violations of discipline and laws and is subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Agricultural Bank of China and supervisory investigation by the Hengyang Municipal Supervisory Commission of Hunan Province.

On July 5, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Agricultural Bank of China and the Beijing Commission for Discipline Inspection and Supervision, Yi Yingsen, former marketing director and general manager of the institutional business department of the Agricultural Bank of China, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Agricultural Bank of China and supervisory investigation by the Yanqing District Supervisory Commission of Beijing.

On July 10, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Industrial and Commercial Bank of China and the Shaanxi Provincial Commission for Discipline Inspection and Supervision, Wu Ningfeng, former Party Secretary and President of the Inner Mongolia Branch of the Industrial and Commercial Bank of China, was suspected of serious violations of discipline and laws and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Industrial and Commercial Bank of China and supervisory investigation by the Shaanxi Provincial Supervision Commission.

On July 13, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in China Construction Bank and the Anhui Provincial Commission for Discipline Inspection and Supervision, Peng Jiabin, former member of the Party Committee and deputy president of the Jiangxi Branch of China Construction Bank, was suspected of serious violations of discipline and laws and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in China Construction Bank and supervisory investigation by the Huangshan Municipal Supervisory Commission of Anhui Province.

In addition, bank officials who were recently reported to be under investigation include Liu Yujuan, member of the Party Committee and Deputy President of the Shijiazhuang Branch of China Guangfa Bank, He Zeshu, member of the Party Committee and Secretary of the Party Committee of the Business Department of the Sichuan Branch of the Agricultural Development Bank of China, and Wang Fade, former Secretary of the Party Committee and President of the Tianjin Branch of the Export-Import Bank of China.

Editor: Captain

Review: Xu Wen