China investigates former senior banking regulatory official

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Cai Esheng, former vice chairman of China’s top banking regulatory body, is under investigation for suspected serious violations of Party disciplinary rules and laws.

The country’s top anti-graft body made this known on Friday.

Cai served as deputy head of the former China Banking Regulatory Commission, which has been replaced by a banking and insurance regulatory commission following a cabinet restructuring in 2018.

The investigation was being carried out by the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission.