Controversies

Liu Liange sentenced to death with two-year reprieve in first instance for bribery and illegal issuance of loans

On November 26, 2024, the Jinan Intermediate People's Court sentenced Liu Liange, former chairman of Bank of China, to death with a two-year reprieve in the first instance. He was found to have accepted bribes of more than 121 million yuan and to have illegally issued loans of more than 3.32 billion yuan, causing losses of more than 190.7 million yuan; the conduct related to his tenures at the Export-Import Bank of China and Bank of China.

China Banking and Insurance Regulatory Commission Guizhou Bureau fines China Exim Bank’s Guizhou branch

Fine or penalty

In a regulatory action, the China Banking and Insurance Regulatory Commission Guizhou Bureau fined the Guizhou branch of the Export–Import Bank of China RMB 200,000. The penalty concerned conduct described as an untrue trade background and the improper acceptance of interbank repurchase commitments. The regulator announced the fine, and the branch was the subject of the disciplinary measure. The action was reported in March 2020.