China investigates the Central Bank Deputy Governor in the first major investigation since the Party Congress


The investigation into Fan Yifei is the first into a senior official since Chinese President Xi Jinping took power last month.

China’s top anti-corruption agency is looking into a deputy governor of the People’s Bank of China, signaling increased scrutiny of the country’s central bank following the conclusion of a Communist Party conclave last month in which Xi Jinping secured a record-breaking third term as leader.

The Central Commission for Discipline Inspection announced the investigation into Fan Yifei for “suspected serious violations of laws and discipline” in a single-sentence statement published Saturday.

According to the Securities Times, a state-owned newspaper, Mr. Fan was taken from his workplace on Friday afternoon.

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