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Ex-China Bank Official Faces Bribery Charges – Xinhua

He is also charged with issuing financial bills in violation of regulations, illegally issuing “huge” amounts of loans and concealing overseas deposits


China Development Bank
Before working at China Development Bank, He Xingxiang was employed by Bank of China and Agricultural Development Bank of China. Photo: Reuters.

 

A former vice president of China Development Bank, He Xingxiang, has been charged with accepting bribes, the official Xinhua news agency said on Friday.

He is also charged with issuing financial bills in violation of regulations, illegally issuing “huge” amounts of loans and concealing overseas deposits, Xinhua said.

Read the full report: Xinhua.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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