Exclusive: Former Head of Citic Bank Is Under Investigation

Caixin Global | Sep 18, 2019 at 2:32 PM
  • The former head of a banking arm of one of China’s largest financial services groups, Sun Deshun, has fallen under official investigation, sources familiar with the matter told Caixin.
  • It remains unclear why Sun, the former president of China Citic Bank Corp. Ltd., is under investigation or which official body is investigating him.
  • Listed on the Fortune 500, Citic Group provides diversified financial services in banking, securities, trusts, insurance and asset management.