Fan Yifei

In this Chinese name, the family name is Fan.
Fan Yifei
范一飞
BornAugust 1964 (age 60)
Taixing County, Jiangsu, China
Alma materRenmin University of China
Columbia University
OccupationBanker
Years active1982–2022
AgentPeople's Bank of China
Political partyChinese Communist Party (expelled)
Chinese name
Simplified Chinese范一飞
Traditional Chinese范一飛
Transcriptions
Standard Mandarin
Hanyu PinyinFàn Yīfēi

Fan Yifei (Chinese: 范一飞; born August 1964) is a former Chinese banker who served as vice governor of the People's Bank of China from 2015 to 2022. He was investigated by China's top anti-graft agency in November 2022. Fan was the first ministerial-level official in China to be targeted by China's top anticorruption watchdog since the 20th National Congress of the Chinese Communist Party in October 2022.[1]

In June 2023, Fan was expelled from the party for bribery and abuse of power.[2]

Early life and education

In August 1964, Fan was born in Taixing County (now Taixing), Jiangsu, and graduated from the Renmin University of China.[3] From March 2001 to October 2002, he pursued advanced studies in the United States, earning a master's degree in international economics from Columbia University.[3]

Career

Starting in July 1982, he served in several posts in the China Construction Bank, including assistant to general manager of its Trust and Investment Company, deputy director of the Capital Planning Department, general manager of the Finance and Accounting Department, and general manager of the Planning and Finance Department.[3] He moved up the ranks to become assistant president in February 2000 and vice president in June 2005. He joined the Chinese Communist Party (CCP) in June 1991.[3]

He was deputy general manager of the China Investment Corporation in March 2010, in addition to serving as chairman of the Bank of Shanghai since November 2011.[3]

In February 2015, he was appointed vice governor of the People's Bank of China, a position at vice-ministerial level.[3]

Investigation

On 5 November 2022, he was put under investigation for alleged "serious violations of discipline and laws" by the Central Commission for Discipline Inspection (CCDI), the party's internal disciplinary body, and the National Supervisory Commission, the highest anti-corruption agency of China.[4]

On 9 June 2023, Fan was expelled from the party and removed from his post. The CCDI found that Fan accepted bribes, banquets, trips, golfing, and other activity, illegally accepted property, abused his power for financing loans.[5][6] Moreover, Fan had lost his ideals, resisted investigators, traded power for money, and abused his power in the appointment of officials. His illegal gains were confiscated.[2]

On 10 October 2024 he was sentenced to death (with a two-year reprimand) for taking bribes worth over 386 million yuan. [7]

References

  1. ^ 二十大后“首虎”！中国人民银行副行长范一飞被查. qq.com (in Chinese). 5 November 2022. Retrieved 5 November 2022.
  2. ^ a b "Former China central bank vice governor expelled from CPC, office-Xinhua". english.news.cn. Retrieved 10 June 2023.
  3. ^ a b c d e f Yi Yi (伊一) (16 February 2015). 上海银行董事长范一飞任央行党委委员. ce.cn (in Chinese). Retrieved 5 November 2022.
  4. ^ 中国人民银行党委委员、副行长范一飞接受中央纪委国家监委审查调查. ccdi.gov.cn (in Chinese). 5 November 2022. Retrieved 5 November 2022.
  5. ^ "Ex-Chinese central-bank deputy governor Fan expelled from Communist Party". Reuters. 9 June 2023. Retrieved 10 June 2023.
  6. ^ "Ex-PBOC Deputy Governor Kicked Out of Communist Party - Caixin Global". www.caixinglobal.com. Retrieved 10 June 2023.
  7. ^ https://x.com/PDChina/status/1844366271246372941

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