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

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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
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Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.