Hu Huaibang

Chinese former banker

In this Chinese name, the family name is  Hu.

Hu Huaibang

胡怀邦

Chairman of the China Development Bank
In office
April 2013 – September 2018
Preceded by| Chen Yuan
Succeeded by| Zhao Huan
Chairman of the Bank of Communications
In office
September 2008 – April 2013
Preceded by| Jiang Chaoliang
Succeeded by| Niu Ximing
Personal details
Born|  (1955-09-25) 25 September 1955 (age 69)
Luyi County, Henan, China
Political party| Chinese Communist Party (1981-2020, expelled)
Spouse| Xue Yingjuan
Children| 1
Alma mater| Jilin University
Chinese name
Traditional Chinese| 胡懷邦
Simplified Chinese| 胡怀邦
| Transcriptions

Standard Mandarin
Hanyu Pinyin| Hú Huáibāng

Hu Huaibang (Chinese: 胡怀邦; born 25 September 1955) is a Chinese former banker. He was chairman of the China Development Bank, a Fortune Global 500 company. He was expelled from the Chinese Communist Party in January 2020 and sentenced to life in prison in January 2021 for corruption.

## Career

[edit]

He earned a bachelor's degree in economics from Jilin University, and a PhD in economics from the Shanxi University of Finance and Economics in 1999.[1] In 2000 he began working for the People's Bank of China, the central bank. He was posted in Chengdu, then Xi'an. He then joined the China Banking Regulatory Commission as a discipline official and a member of the party committee. In September 2008 he became chairman of the Bank of Communications. In April 2013 he was named chairman of the China Development Bank.[2][3][4] He held the position until 2018, when he was removed from office on suspicions on corruption.[5]: 83, 159

Hu was an alternate member of the 18th Central Committee of the Chinese Communist Party.

## Investigation and conviction

[edit]

On 31 July 2019, he was placed under investigation for alleged "serious violations of (Communist Party) discipline and law", said in a statement by the Central Commission for Discipline Inspection, the Chinese Communist Party's top anti-graft agency.[6][7]

Allegedly involved in the corruption cases of Wang Sanyun and Ye Jianming, he was expelled from the Communist Party on 11 January 2020.[8][9] On 12 February, he was arrested for suspected bribe taking. On 3 March, he was indicted on suspicion of accepting bribes. On 30 July, he stood trial at the Chengde Intermediate People's Court on charges of taking bribes.[10][11][12] The public prosecutors accused him of taking advantage of his various positions, including chairman of the Bank of Communications, or convenient conditions brought by his power and status, to seek benefits for companies or institutes and individuals in obtaining and increasing bank credit line, establishing auto financing companies and job promotions between 2009 and 2019.[10][11][12] In return, he received money and gifts worth more than 85.52 million yuan (about US$12.2 million).[10][11][12]

On 7 January 2021, China Central Television reported that Hu had been convicted and given a life sentence for corruption by the Chengde Intermediate People's Court.[13] The court described this as a light punishment due to mitigating circumstances: Hu had confessed and cooperated with prosecutors. The court also ordered the seizure of Hu's assets and indicated that Hu had already returned the 85.5 million yuan that he had received in bribes.[6]

## Personal life

[edit]

Hu married Xue Yingjuan (薛迎娟), their son, Hu Xiaodong (胡啸东; born 1982), once served as deputy general manager of the Asset Management Division of Hengfeng Bank [zh].[14] On 12 February, Hu was arrested and his case was transferred to the procuratorate for further investigation and prosecution.[15]

## References

[edit]

1. ^ "Executive Profile* Huaibang Hu". Bloomberg. Retrieved 31 July 2015.
2. ^ xinhua (31 July 2019). "Former chairman of China Development Bank under investigation". chinadaily. Retrieved 6 October 2019.
3. ^ Zhou Xin (31 July 2019). "China's ex-'super bank' chief faces probe as Beijing's financial sector corruption crackdown continues". South China Morning Post. Retrieved 6 October 2019.
4. ^ Tony Munroe; Cheng Leng; Engen Tham; Min Zhang (31 July 2019). "Ex-chairman of China Development Bank under probe by graft-buster". reuters. Archived from the original on 1 August 2019. Retrieved 6 October 2019.
5. ^ Chen, Muyang (2024). The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance. Ithaca and London: Cornell University Press. ISBN 9781501775857. JSTOR 10.7591/jj.6230186.
6. ^ a b "China jails former China Development Bank chief for life for graft". South China Morning Post. 7 January 2021. Retrieved 7 January 2021.
7. ^ Zhang Yuzhe; Lin Jinbing (31 July 2019). "Former China Development Bank Boss Investigated for Corruption". caixinglobal. Retrieved 6 October 2019.
8. ^ "Former chairman of China Development Bank expelled from CPC". chinadaily.com. 11 January 2020. Retrieved 14 February 2020.
9. ^ Hou Runfang (侯润芳) (11 January 2020). 国开行原董事长胡怀邦被开除党籍 曾涉王三运、叶简明案. bjnews.com.cn (in Chinese). Retrieved 12 January 2020.侯润芳Category:Articles+containing+Chinese-language+text)&rft_id=http://www.bjnews.com.cn/finance/2020/01/11/672942.html&rfr_id=info:sid/en.wikipedia.org:Hu+Huaibang" class="Z3988">
10. ^ a b c Xinhua (30 July 2020). "Former chairman of China Development Bank stands trial for graft". china.org.cn. Retrieved 25 February 2021.
11. ^ a b c Zhang Yu (30 July 2020). "Former bank official stands trial for taking bribes". Chinadaily. Retrieved 25 February 2021.
12. ^ a b c "Former Policy Bank Chief Stands Trial on $12 Million Bribery Charge". caixinglobal. 31 July 2020. Retrieved 25 February 2021.
13. ^ William Zheng (7 January 2021). "China jails former China Development Bank chief Hu Huaibang for life for graft". South China Morning Post. Retrieved 25 February 2021.
14. ^ Zhang Yuzhe (张宇哲); Ji Tianqin (季天琴); Huang Rong (黄荣) (5 August 2019). 特别报道 胡怀邦关系图谱：华信海航恒丰连环炸. sina (in Chinese). Retrieved 12 January 2020.张宇哲Category:Articles+containing+Chinese-language+text)&rft.au=Ji+Tianqin+(季天琴Category:Articles+containing+Chinese-language+text)&rft.au=Huang+Rong+(黄荣Category:Articles+containing+Chinese-language+text)&rft_id=https://cj.sina.com.cn/articles/view/1131398582/436fc5b601900itd3&rfr_id=info:sid/en.wikipedia.org:Hu+Huaibang" class="Z3988">
15. ^ Cheng Leng; Brenda Goh (13 February 2020). "China arrests former China Development Bank chairman: media". reuters.com. Retrieved 14 February 2020.

Business positions

Preceded by

Jiang Chaoliang

|  Chairman of the Bank of Communications
2008–2013  | Succeeded by

Niu Ximing (牛锡明)

Preceded by

Chen Yuan

|  Chairman of the China Development Bank
2013–2018  | Succeeded by

Zhao Huan (赵欢)

* v
* t
* e

Anti-corruption campaign under Xi Jinping (2017–2022)

Campaign oversight|

* Xi Jinping (Central Committee General Secretary)
* Zhao Leji (Central Commission for Discipline Inspection Secretary; Central Leading Group for Inspection Work Leader)
* Yang Xiaodu (National Supervisory Commission Director)
* Zhang Shengmin (Military Discipline Secretary)

Implicated people
(full list)|

| Central Committee members|

* Fu Zhenghua
* Liu Shiyu
* Nur Bekri
* Shen Deyong
* Qin Guangrong
* Yang Jing
* Zhao Zhengyong

|

Central Committee alternate members|

* Cao Guangjing
* Chen Gang
* Li Jia
* Li Shixiang
* Xiao Yaqing

Central organs and
State-owned enterprises|

* Cao Guangjing
* Cao Yaofeng
* Gao Weidong
* He Xingxiang
* Hu Huaibang
* Hu Wenming
* Lai Xiaomin
* Li Guohua
* Li Ningping
* Li Xinhua
* Li Qingkui
* Liu Baohua
* Lu Wei
* Mao Qingguo
* Sheng Guangzu
* Sun Bo
* Tian Huiyu
* Wang An
* Wang Bin
* Wang Dengfen [zh]
* Wu Zhen
* Yin Jiaxu
* Yuan Renguo
* Zhang Shaochun
* Zhou Mengbo

Officials of
Provincial-ministerial rank1
(incl. sub-provincial)|

* Ai Wenli
* Bai Xiangqun
* Cai Esheng
* Cao Guangjing
* Chen Guoqiang
* Chen Jiadong
* Chen Rugui
* Dong Hong
* Feng Xinzhu
* Gan Rongkun
* Gong Jianhua
* Hao Chunrong
* Hu Yifeng
* Huang Yi
* Ji Xiangqi
* Li Jia
* Li Jiexiang
* Li Jinzao
* Jin Suidong
* Li Qian
* Li Wei
* Li Wenxi
* Li Yihuang
* Li Zefeng [zh]
* Liu Guoqiang
* Liu Hongwu
* Liu Jun
* Liu Qiang
* Liu Xinyun
* Liu Yanping
* Ma Ming
* Meng Hongwei
* Meng Yongshan
* Miao Ruilin
* Peng Yuxing
* Qian Yin'an
* Qiu Daming
* Pu Bo
* Ren Hua
* Shangguan Jiqing
* Sheng Guangzu
* Shi Wenqing
* Song Liang
* Song Taiping
* Song Xibin
* Sun Guoxiang
* Sun Lijun
* Sun Yuanliang
* Tong Daochi
* Wang Dawei
* Wang Erzhi
* Wang Fuyu
* Wang Like
* Wang Minghui
* Wang Tie
* Wang Xiaoguang
* Wang Yong
* Wei Chuanzhong
* Wen Guodong
* Xiang Lili
* Xiao Yaqing
* Xiao Yi
* Xie Jilai
* Xing Yun
* Xu Guang
* Xue Heng
* Yang Fulin
* Yang Keqin
* Yu Luming
* Yun Gongmin
* Yun Guangzhong
* Zhang Bencai
* Zhang He
* Zeng Zhiquan
* Zhang Jian
* Zhang Jiehui
* Zhang Jinghua
* Zhang Maocai
* Zhang Qi
* Zhang Wufeng
* Zhang Xinqi
* Zhang Yongze
* Zhang Zhinan
* Zhou Huachen
* Zhou Jiangyong

Military generals2|

* Meng Zhongkang
* Qian Weiping
* Rao Kaixun
* Xu Xianghua

Officials at
Prefecture-level rank1
or below|

* An Zhengyu
* Cao Jiongfang
* Chen Jian
* Chen Jiming
* Chen Sanxin
* Dai Xianghui
* Fu Tiegang
* Gao Hongbin
* Gao Hongzhi
* Gao Weidong
* Gong Wusheng
* Guo An
* He Jian
* Han Dongyan
* Hu Zhiqiang
* Li Chenghui
* Li Jianguo
* Li Jianping
* Li Xinyuan
* Li Yuecheng
* Liu Hesheng
* Liu Hushan
* Liu Jifu
* Liu Shihe
* Luan Kejun
* Pan Qisheng
* Meng Wei
* Wangdui
* Wang Jianfeng
* Wei Hongguang
* Xiang Hongqiong
* Xu Liqun
* Yan Chunfeng
* Yan Ganhui
* Yang Sitao
* Yang Weiguo
* Yang Yiwen
* Zhang Lingping
* Zhao Deguang
* Zhao Jingbo
* Zhao Yingyun
* Zheng Yajun
* Zhu Zhongkui

Business and media|

* Wu Xiaohui
* Ye Jianming

Related articles|

* Corruption in China
* Extraordinary rendition
* Eight-point Regulation
* Human rights in China
* Judicial system of China

* Law enforcement in China
* National security of China
* Operation Fox Hunt
* Qincheng Prison
* Shuanggui
* 2012-2017

PB Former member of the Politburo; PLA Also a military official; CDI Member of the Central Commission for Discipline Inspection or affiliates
1For details on the civil service ranks of officials, please see Civil Service of the People's Republic of China;
2Army generals listed have attained at least the rank of Major General, which usually enjoys the same administrative privileges as a civilian official of sub-provincial rank.

Authority control databases

International|

* VIAF

National|

* United States

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