Since the start of 2023, dozens of senior banking executives in China have resigned or been under investigation. This phenomenon marks a reshuffling of the Chinese Communist Party’s (CCP) financial sector, with various factions within the regime battling for their own interests, according to a China expert.
This month, senior bank executives were frequently reassigned. Nearly 10 banks made significant personnel changes, including the Postal Savings Bank of China announcing the resignations of two vice presidents, according to Chinese news portal Sina.
