China central bank deputy governor faces corruption probe

By AP News


A deputy governor of China’s central bank is under investigation on suspicion of serious violations of discipline and law

China Corruption

BEIJING (AP) — A deputy governor of China's central bank is under investigation on suspicion of “serious violations of discipline and law,” the ruling Communist Party's corruption agency said Saturday.

The Central Commission for Discipline Inspection did not provide any details of the allegations against Fan Yifei in a short statement posted online.

Fan, one of six deputy governors, has held the post for more than seven years, joining the People’s Bank of China in 2015 after a career in finance. In recent years, he has spoken often on China's efforts to develop a digital currency.

The Communist Party has carried out a sweeping crackdown on corruption under Chinese leader Xi Jinping. The campaign is popular with the public and has allowed him to sideline some potential political rivals.


In this article:


Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter