What’s new: Zhang Hongli, a former senior executive vice president of Industrial and Commercial Bank of China Ltd. (ICBC) (601398.SH), has been expelled from the Communist Party on corruption allegations after a six-month investigation by graft busters.
Zhang “seriously violated the party’s political, organizational, integrity and lifestyle disciplines, committed serious duty violations and is suspected of bribery crimes,” the Central Commission for Discipline Inspection (CCDI), China’s top anti-corruption watchdog, said in a statement.
