The influential figure fell from grace! Bank of China's anti-corruption efforts continue, but news of being investigated several years after retirement | Zhang Dong | Bank of China
After retiring for several years, the former "influential figure" Zhang Dongxiang finally fell from grace!
On the evening of June 24th, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at Bank of China and the Jiangxi Provincial Commission for Discipline Inspection and Supervision, Zhang Dongxiang, former Party Secretary and President of Bank of China Jiangxi Branch, was under investigation and review.
Prior to this, Zhang Dongxiang, as the Director of the Financial Technology Management Professional Committee of the Chinese Society of Management Sciences, visited a trillion dollar city commercial bank at the beginning of this year to conduct research on the issue of empowering banks with digital transformation through financial technology.
"Influential figures" fall from grace
According to public information, Zhang Dongxiang is currently 64 years old and has been working in the Bank of China system for a long time. Among them, he worked at the Frankfurt branch of Bank of China since 1990, serving as the Vice President of the Hamburg branch.
Afterwards, Zhang Dongxiang successively served as the Vice President of Bank of China Anhui Hefei Branch, President of Chuzhou Branch, Director of Anhui Branch Business Department, Vice President of Henan Branch, Secretary of the Party Committee of Bank of China Insurance Henan Branch, and President of Bank of China Brazil Branch.
At the end of 2014, Zhang Dongxiang was transferred to the position of Party Secretary and President of Bank of China Jiangxi Branch until his retirement in 2018. During this period, he mentioned in an interview that being the best bank is providing the highest quality services, and Bank of China Jiangxi Branch aims to be the "super financial liaison" for Jiangxi's economy to move towards the world.
It is worth mentioning that during his tenure, Zhang Dongxiang successively published books such as "Management Ladder Theory", "Research on 3M Theory and Practice", "Research on the Impact of Economic Cycle Fluctuations on China's Banking Industry", "Management Ladder Theory", and "Exploring the Road of Investment in Brazil". He also published dozens of papers such as "Scientific Management Theory" and "Research on Management Ladder Theory".
According to the disclosure, after retirement, Zhang Dongxiang mainly held public activities as the "Dean of the Financial Technology Research Institute of the Chinese Society of Management Sciences" and the "Director of the Financial Technology Management Professional Committee of the Chinese Society of Management Sciences". He also led a team to visit a listed city commercial bank earlier this year.
In an introduction, Zhang Dongxiang is the founder of the Management Ladder Theory School, winner of the Management Academic Award of the Chinese Society of Management Sciences, chief designer of the world's first fully functional 'cloud bank', and a prominent figure in China's financial technology industry in 2017. Now, the "influential figures" have fallen from grace.
According to the Jiangxi Provincial Commission for Discipline Inspection and Supervision, Zhang Dongxiang is suspected of serious violations of discipline and law and is currently undergoing disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervision Commission stationed in Bank of China, as well as investigation by the Yichun Municipal Supervision Commission in Jiangxi Province.
Bank of China's anti-corruption efforts continue
According to incomplete statistics, including Zhang Dongxiang, in 2023, 10 management personnel from the headquarters and branches of Bank of China have been investigated. Among them:
On January 2nd, Chen Feng, former member of the Party Committee and Vice President of Bank of China Heilongjiang Branch, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in Bank of China and investigation by the Jilin Provincial Supervisory Commission;
On March 3rd, Wang Xuejun, Secretary of the Party Committee and President of Bank of China Yongzhou Branch, was suspected of serious illegal activities and was designated by the Hunan Provincial Supervision Commission to be under investigation by the Shaoyang Municipal Supervision Commission;
On March 15th, Wang Jianhong, former Secretary of the Party Committee and President of the Beijing Branch of Bank of China, was suspected of serious violations of discipline and law and was subjected to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in Bank of China, as well as investigation by the Jining Municipal Supervisory Commission in Shandong Province;
On March 24th, Gao Zongsheng, former member of the Party Committee and Vice President of the Inner Mongolia Autonomous Region Branch of Bank of China, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in Bank of China, as well as investigation by the Hohhot Supervision Commission;
On March 31st, Liu Liange, former Party Secretary and Chairman of Bank of China, was suspected of serious violations of discipline and law and was subject to disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission;
On June 4th, Chen Yijun, former member of the Party Committee and Vice President of Bank of China Huai'an Branch, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Jiangsu Provincial Branch Discipline Inspection Commission and investigation by the Huai'an Municipal Supervision Commission;
On June 8th, Li Shangwei, former director of the Corporate Business Department of Bank of China Zhangye Branch, and Chen Lei, former deputy director, were investigated for serious violations of discipline and law. The reporter noticed that Li Shangwei and Chen Lei had worked together for two years and had a hierarchical relationship;
On June 10th, Mao Junping, former member of the Party Committee and Vice President of Bank of China Ningbo Branch, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in Bank of China, as well as investigation by the Ningbo Municipal Supervisory Commission in Zhejiang Province.
In addition, after entering June, the pace of financial anti-corruption has significantly accelerated. In addition to many people falling from Bank of China, multiple financial institutions including Agricultural Bank of China, China Construction Bank, and Agricultural Development Bank of China have been investigated for related personnel.
