ICBC’s Shanghai Branch Chief Under Probe

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By Han Wei / Jun 06, 2019 11:56 PM / Politics & Law

Gu Guoming. Photo: VCG

The head of the Shanghai branch of the Industrial and Commercial Bank of China Ltd. (ICBC), the country’s largest state-owned bank, is under investigation by the Communist Party’s anti-graft watchdog.

Gu Guoming, party chief and president of ICBC Shanghai, has been placed under investigation for "suspected serious disciplinary violations," China's Central Commission for Discipline Inspection (CCDI) said in a statement Thursday.

The graft buster didn’t provide any detail about the investigation, but the phrase often refers to corruption.

Gu last appeared in a media report May 27 when he attended a ceremony at the Shanghai Futures Exchange.

Contact reporter Han Wei (weihan@caixin.com)

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