Hu Huaibang, former chairman of the China Development Bank, is being investigated for “a serious disciplinary violation”, according to a statement from the Communist Party’s enforcement agency on Wednesday. Photo: Handout

China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues

  • Hu Huaibang, the chairman of China Development Bank until last September, was put under investigation for a ‘serious disciplinary violation’
  • Earlier court documents show Hu had links to a vanished Chinese oil tycoon, having allegedly helped provide him with billions of dollars in capital
Topic |   China economy

TOP PICKS

Hu Huaibang, former chairman of the China Development Bank, is being investigated for “a serious disciplinary violation”, according to a statement from the Communist Party’s enforcement agency on Wednesday. Photo: Handout
READ FULL ARTICLE