ICBC Online Finance Senior Expert Zhang Hangyu Under Investigation for Serious Violations
Zhang Hangyu, senior expert at the Industrial and Commercial Bank of China's online finance department, is suspected of serious disciplinary and legal violations. He is currently undergoing disciplinary review by the discipline inspection and supervision group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at ICBC, and supervisory investigation by the Beijing Municipal Supervisory Commission.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is neutral for State-owned Banks, with intensity 20/100 and 80% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.