Ouyang Weimin Under Investigation | Global News

Ouyang Weimin, former head of China’s state-backed China Development Bank, is now under investigation for serious violations of party and legal rules — a move signaling Beijing’s ongoing anti-corruption crackdown. Rising through China’s financial ranks since 1986, including stints at the People’s Bank and as Guangdong’s vice-governor, Ouyang took charge of the powerful development bank in 2019 — a role he held until 2023. His case underscores President Xi’s broader campaign to root out graft, with analysts debating whether it’s about systemic reform or political consolidation — but one thing’s clear: no one, not even the most powerful, is immune. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8f695df609571268