China Development Bank vice-president detained in corruption probe

China’s top anti-corruption agency has detained a senior banker from a leading policy bank for investigation, it said.

The Communist Party’s Central Commission for Discipline Inspection (CCDI) said on Thursday that He Xingxiang, vice-president of China Development Bank (CDB) and a member of its party committee, was under investigation for “suspected serious violations of discipline and law” – a euphemism for corruption.

The 58-year-old is the third senior CDB executive to face a corruption…