Former Chairman of Bank of China & China Communist Party Chief Liu Liange Expelled from China Communist Party, Placed under Investigation for Suspected Corruption Since Early 2023
13th October 2023 | Hong Kong
The former Chairman of Bank of China & China Communist Party Chief Liu Liange had been expelled from the China Communist Party, after being placed under investigation for suspected corruption since early 2023. In early 2023, Liu Liange had been placed under investigation for suspected corruption, having been removed & resigned from the roles earlier in February & March 2023. Liu Liange is Chairman of Bank of China from 2019 to 2023, and was also Director of Anti-Money Laundering Bureau of China central bank People’s Bank of China from 2005 to 2007. Bank of China is one of the 4 largest banks in China, alongside Industrial & Commercial Bank of China (ICBC), the China Construction Bank, and the Agricultural Bank of China. See below for more cases of China corruption:
“ Former Chairman of Bank of China & China Communist Party Chief Liu Liange Expelled from China Communist Party, Placed under Investigation for Suspected Corruption Since Early 2023 “
Former Chairman of Bank of China & China Communist Party Chief Liu Liange under Investigation for Suspected Corruption
1st April 2023 – Former Chairman of Bank of China & China Communist Party Chief Liu Liange had been placed under investigation for suspected corruption, having been removed & resigned from the roles earlier in February & March 2023. Liu Liange is Chairman of Bank of China from 2019 to 2023, and was also Director of Anti-Money Laundering Bureau of China central bank People’s Bank of China from 2005 to 2007. Bank of China is one of the 4 largest banks in China, alongside Industrial & Commercial Bank of China (ICBC), the China Construction Bank, and the Agricultural Bank of China. See below for more cases of China corruption:
China Communist Party Expels Former China Banking & Insurance Regulator Commission Hainan Senior Inspector Qin Huizhong for Disciplinary Violations & Corruption, Alleged Taking Bribes & Gifts, Improper Sexual Relationships & Playing Golf During Official Work Hours
11th February 2023 – The Chinese Communist Party (CCP, ruling party of China) has expelled former China Banking & Insurance Regulator Commission (CBIRC) Hainan senior inspector Qin Huizhong for disciplinary violations & corruption, for allegedly taking bribes & gifts, receiving dinner invitations, having improper sexual relationships and playing golf during official working hours. According to a statement issued by China Banking & Insurance Regulator Commission (CBIRC), the former Hainan senior inspector Qin Huizhong had abused his power for personal gains, and his actions would have impacted his judgement and ability to discharge his duties. More info on China Corruption below.
China Former Minister of Industry & Information Xiao Yaqing Expelled from China Communist Party for Bribery & Accepting Banquet Invitations, Granted Leniency after Admitting to Wrongdoing Including Handing Over All Illegal Income
22nd December 2022 – China former Minister of Industry & Information Xiao Yaqing had been expelled from China Communist Party for bribery & accepting banquet invitations. Xiao Yaqing had been granted leniency after admitting to wrongdoing including handing over all illegal income. He is also demoted to the lowest official rank and to retire. The announcement was made by China Central Commission for Discipline Inspection (CCDI) on 18th December 2022. Earlier in July 2022, Xiao Yaqing was being investigated for suspected corruption, according to the statement issued by the China Central Commission for Discipline Inspection (suspected violations of discipline and law).
China Minister of Industry & Information Technology Xiao Yaqing Investigated for Suspected Corruption
29th July 2022 – China Minister of Industry & Information Technology Xiao Yaqing is being investigated for suspected corruption, according to the statement issued by the China Central Commission for Discipline Inspection (suspected violations of discipline and law). Xiao Yaqing was appointed as the China Minister of Industry & Information Technology in July 2020. Earlier in January 2022, China Anti-Corruption Authority investigated Wang Bin, the Chairman of China Life and China Communist Party committee secretary for suspected serious violations of discipline and law. In March 2022, former China Party Secretary & General Manager of China Railway Corp Sheng Guangzu (Age 72) is under investigation from government authorities for suspected corruption & violation. In May 2022, China central bank People’s Bank of China (PBOC) is investigating and had removed PBOC Head of Monetary Policy Sun Guofeng from office for serious violations of discipline and the law (suspected corruption). In 2021, China sentenced former Head of ICBC Shanghai Gu Guoming to lifetime imprisonment for receiving $21 million (CNY 136 million) in bribes between 2005 to 2019. As the Head of ICBC Shanghai, Gu Guoming had took advantage of his position in power, including helping individuals and companies to obtain bank credit. According to the Shanghai court verdict, Gu Guoming had pleaded guilty and had helped to recover most of the $21 million in bribes. (ICBC ~ Industrial and Commercial Bank of China is the largest bank by assets in China).
Xiao Yaqing, China Minister of Industry and Information Technology, Ministry of Industry and Information Technology of the People’s Republic of China
Doctorate in Engineering; senior engineer. Over the years, Xiao Yaqing has held the following positions: Secretary of the CPC Leading Group and General Manager of the Aluminum Corporation of China; Deputy Secretary-General of the State Council; Chairman of the State-owned Assets Supervision and Administration Commission (SASAC); Secretary of the CPC Leading Group and Minister of the State Administration for Market Regulation (SAMR). Currently, Secretary of the CPC Leading Group and Minister of Industry and Information Technology of China. Member of the 19th CPC Central Committee. (Source: World Economic Forum)
Xiao Yaqing was born in September 1959, and is a male ethnic Han from Beijing. He entered the workforce in August 1982 and is a CPC member. Xiao Yaqing graduated from Central South University, majoring in Materials Process Engineering, has Doctor’s degree and holds the title of professor-level senior engineer.
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