What’s new: Sun Guofeng, a former head of the monetary policy department at the People’s Bank of China (PBOC), has been sentenced to 16 years and six months in prison for taking bribes, leaking state secrets, and engaging in insider trading, according to information released by China’s top prosecutor.
In a document released on Thursday, the Supreme People’s Procuratorate only provided part of Sun’s name and former position, but the description fits the profile of the former central bank official. A corruption probe against him had been announced in May 2022 by the Central Commission for Discipline Inspection (CCDI), the ruling Communist Party’s top graft-buster.
