"Feeding on finance through finance", Xu Hongzhou, the former deputy head of the Guizhou Branch of the Bank of China, has been expelled from the party.
After investigation, Xu Hongzhou disregarded the spirit of the eight central regulations, long-term accepted gifts and money that may affect the fair execution of official duties, and accepted arrangements for travel activities from management service objects; violated integrity discipline by taking up positions in companies within the scope of his former job responsibilities at China Bank after leaving in 2017; violated life discipline. "Relying on finance to eat finance", he used his position to seek benefits for others in loan approvals and illegally accepted huge amounts of money.
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