Hu Xiaobing, former deputy general manager of the approval department of Bank of Communications, has been expelled from the party and dismissed from public office.

The website of the Central Commission for Discipline Inspection and the National Supervisory Commission reported on April 23 that, according to the information from the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the Bank of Communications, and the Shanghai Municipal Discipline Inspection Commission: Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the Bank of Communications and the Pudong New Area Supervisory Commission of Shanghai Municipality have launched an investigation into the serious disciplinary and legal violations of Hu Xiaobing, former Deputy General Manager of the credit approval department of the Bank of Communications. According to the investigation, Hu Xiaobing, as a party member and leading cadre in a state-owned enterprise, violated political discipline by providing false information, tampering with evidence, and resisting organizational investigations; violated the spirit of the eight-point regulation of the central government by accepting gifts and banquets that may affect the fair execution of official duties; violated organizational discipline by failing to report personal matters as required, using his authority to benefit others in job adjustments and staff appointments; violated integrity discipline by improperly using large sums of money and housing from management and service objects, engaging in profitable activities, and holding shares in non-listed companies; violated work discipline by improperly interfering in market economic activities; using the convenience of his position to benefit others, illegally accepting large sums of money and goods.