What’s new: Ding Wei, a former vice president of China Merchants Bank Co. Ltd. (CMB), has been placed under investigations for suspected severe violations of law and discipline, China’s anti-graft watchdog said Wednesday.
Ding, 67, joined the CMB in 1996 and served as head of the bank’s branches in Hangzhou and Nanchang. He was named vice president in 2007, a position he held until May 2017. Before CMB, Ding had spent more than a decade in the Industrial and Commerce Bank of China Ltd., the country’s largest state-owned lender by asset.
