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BBC News Top Stories-Business Chinese ex-banker jailed for life in corruption case

December 15, 2023   2 min   319 words

这则报道再次突显中国反腐运动在金融领域的深远影响。前中国银行分行经理徐国军因挪用23亿元人民币而被判终身监禁,成为该国最大规模腐败案的一部分。习近平主席的反腐运动一直聚焦60万亿美元的金融行业,许多银行官员和高管都在其打击行动中受到牵连。报道中提到徐和两名同谋利用中国银行基金管理系统的漏洞获取虚假贷款,目前已追回20亿元赃款。此举不仅展示了中国对腐败的零容忍立场,还表明金融行业的整顿工作远未结束。这也是对习近平先生一直以来强调金融从业者“纸醉金迷”生活方式的回应。在这个背景下,对金融业高层的调查、起诉和判决,为中国建设清廉金融体系迈出坚实的一步。

Xu Guojun, former head of a Bank of China sub-branch in Guangdong province, stands trial.Image source, Intermediate People’s Court of Jiangmen
Image caption,
Former Bank of China branch manager Xu Guojun was jailed for life

A Chinese former bank manager has been jailed for life over one of the country's biggest corruption cases.

Xu Guojun, the head of a Bank of China branch in Southern China from 1993 to 2001, was convicted of embezzling 2.3 billion yuan ($325m; £255m).

The case is the latest development in President Xi Jinping's anti-corruption programme that is focussed on the country's $60tn financial industry.

Many banking officials and executives have been caught up in the crackdown.

According to statements from the court, Xu and two other former Bank of China employees took advantage of loopholes in the lender's fund management system to obtain false loans.

Xu's two accomplices were previously sentenced to 12 and 13 years in prison. More than 2 billion yuan of the stolen money has now been recovered, according to local media reports.

Xu, who fled to the US in 2001 but was forcibly repatriated two years ago, has said he would not appeal the conviction.

He has also been deprived of political rights for life with all his assets being confiscated.

Other high profile financial executives from Chinese state-owned banks have also been fined, jailed, or are currently under investigation.

President Xi has said that Beijing needs to crack down on the "hedonistic" lifestyles of bankers.

In October, a former chairman of the Bank of China was arrested over suspicion of bribery and giving illegal loans.

Liu Liange, chairman of the state-owned bank from 2019 to 2023, had resigned from his position in March this year.

Former chairman of China Life Insurance Wang Bin was sentenced to life in prison without parole for bribery in September.

The push to weed out corruption in the country's financial industry appears to be ramping up, with officials in April warning that the crackdown was far from over.