# Bank of China
Latest news and articles about Bank of China
Total: 3 articles found
China’s Audit Bombshell: The 1.4 Trillion Yuan Illusion and the Crackdown on Financial 'Involution'
China’s National Audit Office has exposed systemic malpractice across seven major state-owned banks, revealing 1.41 trillion yuan in inflated assets and significant tax evasion. The findings highlight a critical disconnect between Beijing’s strategic focus on 'high-quality development' and the ground-level reality of data manipulation and policy evasion within the financial sector.
Gatekeeper Under Fire: Former Bank of China Credit Chief Targeted in Widening Financial Purge
Xin Qiang, a former high-ranking credit approval official at the Bank of China, is under investigation for corruption. His downfall highlights the ongoing purge of the financial sector and the intense scrutiny of individuals responsible for managing the state's lending risks.
Bank of China Vice‑President Ousted After Probe Finds Systemic 'Power‑for‑Money' Lending and Massive Bribes
China's anti‑graft agencies have expelled Lin Jingzhen, a former Bank of China vice‑president, for corruptly converting lending power into personal gain and for a range of other party‑discipline violations. The case, handed to prosecutors and accompanied by asset confiscation and benefit cancellations, underscores Beijing's continued campaign to police both political loyalty and financial probity among senior state bank officials.