CHINA-ANTI-CORRUPTION: CDIC ANNOUNCED THAT PBoC DEPUTY GOVERNOR HAS BEEN PLACED UNDER INVESTIGATION
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Nikkei Asia (November 5) said that the Central Discipline Inspection Commission announced
on November 5 that it was investigating the Deputy Governor of the People's Bank of China
(PBoC), Fan Yifei, "on suspicion of serious breaches of discipline". The announcement was reported simultaneously by state-run Xinhua and other Chinese media. The reasons were not
disclosed. The Beijing Youth News said the investigation gave "a strong signal that the anticorruption struggle will never stop and always blow the charge".
(Comment: Fan Yifei had spearheaded the digital renminbi demonstration. He is the first 'Tiger'
to fall after the 20th Party Congress.)
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