Former China Development Bank President Put Under Anti-Graft Investigation

China’s top anti-corruption watchdog has launched an investigation into Ouyang Weimin, a former president of the China Development Bank, citing suspected serious violations of Party discipline and the law. The probe was announced without details on the alleged wrongdoing. Ouyang stepped down as bank president in 2023 and previously held senior roles, including vice-governor of Guangdong.

Darren Sofia

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July 19, 2026

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Former China Development Bank President Put Under Anti-Graft Investigation

China’s top anti-graft watchdog has put Ouyang Weimin, the former president of the China Development Bank, under investigation for suspected serious violations of Party discipline and the law. The Central Commission for Discipline Inspection said Sunday that Ouyang is being investigated together with the National Commission of Supervision, but provided no additional details. Ouyang stepped down as president in 2023 after serving in the role from 2019. Previously, he held senior roles, including vice-governor of Guangdong

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