# Hou Weidong

Digital Graft and Superstition: Former Bank of Communications Executive Purged in China’s Financial Crackdown

Hou Weidong, former deputy governor of the Bank of Communications, has been expelled from the CCP for severe corruption, including the misuse of fintech resources and bribery. The case highlights Beijing's continued focus on cleaning up the state-owned banking sector and its zero-tolerance policy toward the abuse of digital financial assets.