Chinese authorities investigate senior PBoC official

The People’s Bank of China

China’s anti-corruption agencies are investigating a now-dismissed senior central bank official, according to an official statement dated May 19.

The statement says the agencies are proceeding against Sun Guofeng – until recently head of the People’s Bank of China’s (PBoC) monetary policy department – for “serious violations of discipline and law”. This term often refers to corruption-related offences, according to media reports.

Several media outlets report that investigators are alleging Sun

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