The president of China Minsheng Banking Corp has resigned amid domestic media reports that he is under investigation by anti-corruption authorities, making him the most senior bank official to be ensnared in the country’s sweeping anti-graft campaign.
Minsheng’s president and director Mao Xiaofengsubmitted his resignation in “recent days,” the bank said in a filing on Saturday.
Caixin, a leading financial magazine, reported on its website on Saturday that Mr Mao had been detained for questioning by the Commission for Discipline Inspection, the Communist party’s anti-graft agency.
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