Ouyang Weimin Under Investigation | San Francisco News

Ouyang Weimin, former president of China’s massive state-backed China Development Bank, is now under investigation by top anti-corruption agencies for serious violations—just months after stepping down in 2023. Rising through China’s financial ranks since 1986, including serving as Guangdong’s vice-governor and leading the bank tasked with fueling national economic growth, his fall signals Beijing’s ongoing, high-stakes anti-graft campaign under President Xi. While some view it as a purge of corruption, others see it as political maneuvering. Details remain scarce, but this case could reveal deeper currents in China’s power structure. 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/e38e40a96fa32d70