June 17, 2024



“Several Senior Executives” From Chinese Banks Investigated And Arrested In Recent Weeks, Global Times Reports

Zero Hedge

By Tyler Durden – September 14, 2021

It may not just be the tech sector where the party has ended for businesses in China.

That’s because this week, the state-owned mouthpiece Global Times made the announcement that “several senior executives of Chinese banks” had been “put under investigation or arrested over recent weeks”.

According to the Central Commission for Discipline Inspection, the regulatory scrutiny comes as China looks to fight against corruption in the financial sector. 

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