Key facts
- Shi Shunhua, a former vice president of China Merchants Bank, is under investigation.
- The investigation is for suspected severe disciplinary and legal violations.
- Shi Shunhua retired from the bank over three years ago.
- Authorities took Shi Shunhua away for questioning around mid-June.
- The probe is being conducted by central and provincial anti-graft agencies.
Shi Shunhua, a former vice president of China Merchants Bank Co., is under investigation for suspected severe disciplinary and legal violations, according to a joint official statement released on Friday. Sources familiar with the matter told Caixin that authorities took him away for questioning around mid-June, more than three years after his retirement.
Separately, Ding Wei, another former vice president of China Merchants Bank Co. Ltd., has also been placed under investigation for suspected severe violations of law and discipline, China’s anti-graft watchdog said Wednesday. Ding, 67, joined CMB in 1996 and served as head of the bank’s branches in Hangzhou and Nanchang. He was named vice president in 2007, a position he held until May 2017. Before CMB, Ding had spent more than a decade at the Industrial and Commerce Bank of China Ltd.