➡️According to the authorities of Yingshan County, Hubei Province, Wang Shengyong, the president of the Yangtze River Village Bank in the county, died of carbon monoxide poisoning on Dec. 5 at the age of 54 years old. It was reported that Wang committed suicide after using his position to defraud depositors of 40 million yuan (about $5.6 million) under the guise of capital raising.
According to official media reports, Du Haitao, deputy general manager of Industrial and Commercial Bank of China (ICBC) Credit Suisse Asset, died of a heart attack while running on Dec. 13 at the age of 49. Born in 1974, Du was deputy general manager of ICBC Credit Suisse Asset Management Co., LTD. and chairman of ICBC Credit Suisse Asset Management (International) Co., LTD.
On Dec. 10, Gong Danzhi, the president of Huaxia Bank’s Tianjin branch, fell to his death. The local police station confirmed the news.
Based on business information, Gong Danzhi was appointed as the president of Huaxia Bank’s Tianjin branch in November 2020. Previously, he was the vice president of the bank’s Beijing branch and the president of its Beijing urban sub-centre branch.
Founded in October 1992 and listed on the Shanghai Stock Exchange in September 2003, Huaxia Bank is China’s fifth nationally listed bank, with 44 first-tier branches across the country and more than 40,000 employees. Shougang Group, a large-scale state-owned enterprise, is Huaxia Bank’s first major shareholder, with a shareholding of 21.68 percent.
In The Banker’s Top 1000 World Banks 2019, Huaxia Bank was ranked 56th in terms of Tier 1 capital and 67th in terms of asset size. In the Forbes Global 2000 List (2019), Huaxia Bank was ranked 265th.
However, in 2023, Huaxia Bank was in a series of accidents and fined tens of millions of yuan.⬅️

https://www.zerohedge.com/geopolitical/multiple-financial-executives-commit-suicide-amid-chinas-financial-crisis

8:55 am eastern time

What? You asked for it NY! 💥


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