At least 14 senior financial officials have been under investigation under Xi authorities’ campaign to clean the financial system.

Reporting on these cases, Taiwan’s Central Agency News also noted that the 20th National Congress of the Chinese Communist Party will be held this autumn in Beijing, and the anti-corruption campaign in the financial sector is also accelerating.

As Chinese financial news website Yi Cai reported, last Friday, April 22, three high-level financial executives were put under investigation and fired in one day.

The highest level official among them is Tian Huiyu, former Secretary of the Party Committee and President of China Merchants Bank Co. The Central Commission for Discipline Inspection and the National Supervision Commission, China’s top anti-corruption watchdog, said that Tian is suspected of a “serious violation of the party’s discipline and law.” And he is currently undergoing the commission’s disciplinary review, monitoring, and investigation.

The other two are Han Fenglin, former risk director of the Shenzhen Branch of China Construction Bank; and Jiang Yunming, member of the Party Committee and Deputy General Manager of Fujian Financial Investment Co., Ltd.

So far this year, at least 14 senior financial officials have been put under investigation.

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