Fan Yifei
Fan Yifei | |
|---|---|
| Born | Template:Birth year and age Taixing, Jiangsu, China |
| Occupation | Financial executive |
| Years active | 1982–2023 |
| Known for | Vice governor of the People's Bank of China (2015–2022) |
Fan Yifei (; born August 1964) is a former Chinese financial executive who held the position of vice governor at the People's Bank of China from 2015 until 2022. In November 2022, he became the first official at the ministerial rank to be investigated by China's leading anti-corruption body following the 20th National Congress of the Chinese Communist Party in October 2022.
In June 2023, Fan was expelled from the Communist Party due to charges involving bribery and misuse of authority.
Early life and education
Fan was born in August 1964 in Taixing, Jiangsu. He completed his undergraduate studies at Renmin University of China and later obtained a master's degree in international economics from Columbia University between March 2001 and October 2002.
Career
Fan launched his professional journey in July 1982 with China Construction Bank, where he occupied various positions such as assistant to the general manager of its Trust and Investment Company, deputy director of Capital Planning, and general manager overseeing Finance, Accounting, and Planning departments. He was promoted to assistant president in February 2000 and ascended to vice president by June 2005. Fan became a member of the Chinese Communist Party in June 1991.
In March 2010, he took on the role of deputy general manager at the China Investment Corporation, and from November 2011, he served as chairman of the Bank of Shanghai. His appointment as vice governor of the People's Bank of China came in February 2015, a post carrying vice-ministerial rank.
Investigation
On 5 November 2022, Fan was subjected to an inquiry for alleged "serious violations of discipline and laws" by the Central Commission for Discipline Inspection (CCDI) along with the National Supervisory Commission, China's foremost anti-corruption authorities.
By 9 June 2023, Fan faced expulsion from the Communist Party and dismissal from his official duties. The CCDI concluded that he had accepted bribes, indulged in banquets, trips, golfing, and other perks, unlawfully obtained assets, abused his power in loan financing, and engaged in corrupt practices concerning official appointments. All illicitly gained assets were confiscated.
On 10 October 2024, Fan received a death sentence with a two-year suspension for accepting bribes amounting to more than 386 million yuan.