He Xingxiang

He Xingxiang
Born	Shaoxing, Zhejiang, China
Occupation	Financial executive
Years active	2004–2021
Known for	Vice governor of China Development Bank (2014–2021)

He Xingxiang (; born November 1963) is a former Chinese financial executive who held the position of vice governor at the China Development Bank from 2014 until 2021. In September 2021, he became the subject of a bribery investigation.

Biography

He was born in Shaoxing, Zhejiang province in 1963 and is an alumnus of Zhejiang Financial College. His career includes significant managerial responsibilities at the Bank of China, where he served as governor for branches in Shangyu and Jiaxing within Zhejiang. In September 2004, he assumed the role of governor at the Bank of China's Hainan Branch, a post he maintained until April 2008 before moving on to oversee the Shandong Branch.

In October 2014, He advanced to the role of vice governor at the Agricultural Development Bank of China, a position he held until April 2020. Subsequently, he was appointed vice governor of the China Development Bank.

Downfall

On 10 September 2021, He came under formal investigation for "serious violations of laws and regulations" by China's premier anti-corruption bodies, the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission. This mirrors the earlier probe into Hu Huaibang, former chairman of the China Development Bank, who was investigated in July 2019 for comparable disciplinary and legal infractions.

On 26 January 2024, He received a prison sentence of 20 years for offenses including bribery, unauthorized issuance of financial bills, unlawful loan approvals, and hiding assets overseas. Prosecutors revealed that from 2006 to 2021, he leveraged his official roles to manipulate credit approvals and staffing decisions while accepting bribes exceeding 66.36 million yuan. Additionally, he was ordered to pay a fine amounting to 5.1 million yuan (around 717,560 USD).