A senior executive at China Minsheng Bank is being investigated by the government’s banking watchdog on suspicion of “serious violation of discipline.” amid an ongoing anti-corruption crackdown in the financial industry. Lin Xiaoxuan, the bank’s chief information officer, is under review by the China Banking Regulatory Commission (CBRC), according to a notice on the Central Commission for Discipline Inspection’s website on Tuesday evening. “Serious violation of discipline” is the usual euphemism for corruption, according to the South China Morning Post. The 52-year-old executive has served in his role at the Hong Kong-listed China Minsheng Bank since January, the statement said. He took on the role after resigning as executive vice-president of the Agricultural Bank of China last year, where he had also been a member of the party committee. The news of Lin’s investigation comes one week after the CBRC approved his qualifications as chief information officer, the company said in an announcement.
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