# lending abuse

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.