Key facts
- Dang Junzhang, formerly of Postal Savings Bank of China, is appealing a 12-year bribery sentence.
- He is accused of taking 7.98 million yuan ($1.2 million) in bribes.
- Zhang Tianfeng, a former official at China's State Tobacco Monopoly Administration, received a 12-year sentence for accepting over 34 million yuan ($4.98 million) in bribes.
- Zhang's misconduct spanned 19 years and involved project contracting, hiring, and promotions.
- Zhang's case is part of China's ongoing anti-corruption campaign targeting senior officials in state-controlled industries.
Dang Junzhang, a former executive at the state-owned Postal Savings Bank of China (PSBC), is contesting a 12-year prison sentence for bribery. He denies allegations of accepting 7.98 million yuan ($1.2 million) in bribes, a rare challenge to China's ongoing financial anti-corruption campaign. At his peak, Dang managed over 3 trillion yuan annually as head of PSBC's financial market department.
In a separate but related development, Zhang Tianfeng, a former deputy head of China's State Tobacco Monopoly Administration, has been sentenced to 12 years in prison and fined 2 million yuan for accepting over 34 million yuan ($4.98 million) in bribes. The Ganzhou Intermediate People’s Court found that from 2004 to 2023, Zhang used his official positions to facilitate project contracting, hiring, and promotions in exchange for illicit payments. Judges cited Zhang's voluntary disclosure of some bribes and admission of guilt as mitigating factors in the sentencing. Zhang was investigated in January 2025 as part of Beijing's broader anti-corruption efforts targeting senior officials in state-controlled industries.