Fan, 58, has held the deputy governor place since early 2015.

Shenzen:

China’s prime anti-corruption watchdog stated on Saturday it’s investigating Fan Yifei, one among six deputy governors of China’s central financial institution, over “suspected serious violations of discipline and law”.

Fan, 58, has held the deputy governor place since early 2015, earlier than which he had held senior roles with China Construction Bank and China Investment Corporation.

Chinese President Xi Jinping has stepped up efforts lately to weed out corrupt Communist Party officers within the monetary sector.

The Central Commission for Discipline Inspection (CCDI) introduced the investigation in a press release however didn’t give any particulars.

In May, the CCDI stated it was investigating Sun Guofeng, the previous head of the central financial institution’s financial coverage division, for suspected violations.

In February, the anti-graft watchdog concluded an inspection of 25 monetary sector establishments together with the central financial institution, banking and insurance coverage regulators, within the nation’s first coordinated inspection of the sector since 2015.

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