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Chinese central bank top brass Fan Yifei held for investigation by anti-corruption watchdog
- Fan, 58, is one of six deputy governors at the People’s Bank of China and a key driver of the country’s digital currency campaign
- He is under investigation for ‘suspected serious violations of discipline and law’, Central Commission for Discipline Inspection website says
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A deputy governor of China’s central bank has been detained for an investigation, the Communist Party anti-corruption watchdog announced on Saturday.
Fan Yifei, 58, is one of six deputy governors at the People’s Bank of China (PBOC).
A notice on the website of the party’s Central Commission for Discipline Inspection (CCDI) said Fan was being investigated over “suspected serious violations of discipline and law”, but gave no details.
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Fan is a veteran banker who spent most of his career with Construction Bank of China (CBC), and has been a key driver of China’s digital currency transition.
He is the first senior official to be detained since last month’s landmark 20th party congress that gave a historic third term to President Xi Jinping and shook up the top leadership.
Fan is also the latest among a number of top finance officials detained in the past two years under a sweeping anti-corruption campaign targeting the sector.
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