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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 rBank (CDB) said it disbursed 181.5 billion yuan ($27 billion) loans for urban development projects in January to June.
The CDB also gave loans of 280 million yuan and 98 million yuan for the construction of gas, electricity and water pipelines in the eastern city of Chuzhou and the capital of Beijing, respectively. 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.