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Former CDB chief Ouyang Weimin investigated for corruption.

7/19/2026

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Summary

Story summary

China’s anti-graft watchdog announced on July 19, 2026 that former China Development Bank president Ouyang Weimin is under investigation.
Ouyang joined the Chinese Communist Party in 1986, worked at the People’s Bank, and became China Development Bank president in 2019 before stepping down in 2023 and disappearing from public view.
Former vice-governor He Xingxiang was detained for bribery in September 2021.

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Story summary

China’s anti-graft watchdog announced on July 19, 2026 that former China Development Bank president Ouyang Weimin is under investigation.
Ouyang joined the Chinese Communist Party in 1986, worked at the People’s Bank, and became China Development Bank president in 2019 before stepping down in 2023 and disappearing from public view.
Former vice-governor He Xingxiang was detained for bribery in September 2021.