"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.

date
14/05/2025
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.