China central bank deputy governor faces corruption probe
A deputy governor of China’s central bank is under investigation on suspicion of serious violations of discipline and law
China central bank deputy governor faces corruption probe
Show all 2Support truly
independent journalism
Our mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.
Whether $5 or $50, every contribution counts.
Support us to deliver journalism without an agenda.
![Louise Thomas](https://static.independent.co.uk/static-assets/support-us/louise-thomas.png)
Louise Thomas
Editor
A deputy governor of China's central bank is under investigation on suspicion of “serious violations of discipline and law,” the ruling Communist Party's corruption agency said Saturday.
The Central Commission for Discipline Inspection did not provide any details of the allegations against Fan Yifei in a short statement posted online.
Fan, one of six deputy governors, has held the post for more than seven years, joining the People’s Bank of China in 2015 after a career in finance. In recent years, he has spoken often on China's efforts to develop a digital currency.
The Communist Party has carried out a sweeping crackdown on corruption under Chinese leader Xi Jinping. The campaign is popular with the public and has allowed him to sideline some potential political rivals.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.