The former party secretary and president Mao Jin of the Hangzhou branch of Guangfa Bank are under investigation.

The website of the Central Commission for Discipline Inspection of the National Supervisory Commission reported on June 28th that according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection of the National Supervisory Commission stationed at China Life Insurance and the Provincial Commission for Discipline Inspection and Supervision in Shandong Province, Mao Jin, the former party secretary and president of Hangzhou Branch of Guangfa Bank, is suspected of serious violations of discipline and laws, and is currently undergoing disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection of the National Supervisory Commission stationed at China Life Insurance and investigation by the Supervisory Commission in Jining City, Shandong Province.