Core Viewpoint - The article reports on the disciplinary investigation of Wu Chunqing, the former first-level inspector of the Qinghai Provincial Local Financial Supervision Administration, for serious violations of discipline and law, highlighting ongoing anti-corruption efforts in China's financial sector [1][3]. Summary by Sections Background of Wu Chunqing - Wu Chunqing has held various significant positions, including member of the Party Leadership Group and head of the Discipline Inspection Group at the Qinghai Provincial Administration for Industry and Commerce, and later as the chairman of the supervisory board of Qinghai Bank [1][3]. - He was appointed as the first-level inspector of the Qinghai Provincial Local Financial Supervision Administration in December 2019 and retired in February 2022 [3]. Qinghai Bank Overview - Qinghai Bank, originally known as Xining Commercial Bank, was established in December 1997 and renamed in November 2008. It is the first local legal person joint-stock commercial bank in Qinghai Province and the only urban commercial bank [3]. - As of December 2024, Qinghai Bank's total assets amounted to 1130.03 billion, with a provision coverage ratio of 157.18%, a return on equity of 2.25%, a liquidity ratio of 81.03%, and a non-performing loan ratio of 2.65% [3]. Previous Investigations - The article notes that another leader from Qinghai Bank, Wang Li, was investigated and expelled from the Party in February 2020 for similar issues, indicating a pattern of scrutiny within the bank's leadership [3].
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中国基金报·2025-10-30 09:42