What’s new: Wang Fade, a former president of the Tianjin branch of the Export-Import Bank of China (Exim Bank), has been placed under investigation for suspected “severe violations of (Communist Party) discipline and law,” the country’s top anti-graft watchdog announced Wednesday, using the official jargon for corruption.
The background: The probe into Wang adds to a growing list of corruption scandals at the Exim Bank, the smallest of China’s three policy lenders.
