China risks economic instability targeting banks with anti-corruption measures.

China’s financial institutions are currently under investigation as part of an anti-corruption campaign, according to the country’s Central Commission for Discipline Inspection. The CCDI has investigated over a dozen senior executives this year, including former Chairman of China Everbright Group, Li Xiaopeng, who is suspected of “serious violations of law and discipline.” Liu Liange, former Chairman of state-owned Bank of China and Wang Bin, the former head of China Life Insurance, have also been investigated. The crackdown may have also implicated Bao Fan, an investment banker, and tech sector executive.