Hengfeng Bank boss investigated

Updated 2017-11-29 09:31:55 Global Times

Cai Guohua, chairman of Hengfeng Bank, is currently under investigation for serious violations of laws and discipline, the Xinhua News Agency reported on Tuesday.

Registered in Yantai, East China's Shandong Province, Hengfeng Bank is one of the 12 national-level commercial banks in China.

As of the end of 2016, the bank's assets were more than 1.2 trillion yuan (1.93 billion), up 1.6 times compared with the level at the end of 2013, according to the company's website.

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