China investigates former senior banking regulatory official

Cai Esheng, former vice chairman of China’s top banking regulatory body, is under investigation for suspected serious violations of Party disciplinary rules and laws.

The country’s top anti-graft body made this known on Friday.

Cai served as deputy head of the former China Banking Regulatory Commission, which has been replaced by a banking and insurance regulatory commission following a cabinet restructuring in 2018.

The investigation was being carried out by the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission.