Chinese bankers told to expect widespread crackdown on corruption

A probe into a former chair and disappearance of a banker suggest the campaign may pick up steam

Chinese authorities telling the country’s top banking executives to expect a deeper corruption crackdown on the $60-trillion financial sector suggests that President Xi Jinping’s antigraft campaign is continuing to evolve.

The recent probe into the former chair of China’s fourth-largest bank, an announcement of inspections at several state-owned enterprises and the disappearance of star banker Bao Fan all suggest that the campaign may pick up steam. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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