Shanghai’s Top Banking Regulator Placed under Investigation by CCP

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The head of the Shanghai office of the Chinese banking regulator has been placed under investigation by the Chinese Communist Party’s (CCP) disciplinary authority.

The Central Commission for Discipline Inspection (CCDC) announced on 3 December that it had sent a disciplinary inspection team to conduct a probe into Han Yi (韩沂), head of the Shanghai office of the China Banking and Insurance Regulatory Commission (CBIRC), for suspected severe breaches of discipline and law.

58 year-old Han is a native of Shandong province, as well as a member of the Chinese People’s Political Consultative Conference (CPPCC).

Prior to his appointment to the position of head of CBIRC’s Shanghai office, Han held various roles with the Chinese central bank in Zhejiang province, Shaoxing municipality, Ningbo municipality and Shanghai during the period from 1985 to 2003.

In 2003 Han joined the Zhejiang office of the China Banking Regulatory Commission (CBRC) which had just been established as China’s national banking regulator.

Han subsequently held senior positions with CBRC in Zhejiang and Hubei, before his appointment to the head and party secretary of CBRC in November 2016, and his reappointment following CBRC’s conversion into CBIRC at the end of 2018.