After abruptly resigning 11 months ago, rumors about the investigation into former Hua Xia Bank Chairman Li Minji have now been officially confirmed. On December 22, the 8th Plenary Session of the 13th Beijing Municipal Committee of the Communist Party of China was held. The session reviewed and approved a resolution and a disciplinary inspection report on Li Minji's serious violations of discipline and law—marking the first official disclosure of his misconduct.
Li Minji resigned as chairman of Hua Xia Bank on January 27, 2025, citing "personal reasons," though his tenure had already exceeded regulatory limits. Notably, his resignation came just over a month after being elected chairman of the bank’s ninth board of directors on December 13, 2024.
Li Minji joined Hua Xia Bank in 2017 and served as one of its longest-tenured executives, holding the position for nearly eight years—surpassing the financial regulator’s seven-year rotation requirement for key personnel. Observers also noted an unusual omission in the bank’s resignation announcement: unlike standard notices, it did not thank Li for his contributions or even refer to him as "Mr. Li."
By June 2025, the Standing Committee of the 14th National Committee of the Chinese People's Political Consultative Conference revoked Li Minji’s membership, further confirming his fall from grace.
With a career rooted in state-owned financial institutions, Li Minji previously held multiple leadership roles, including executive director at Beijing State-Owned Assets Management and chairman of Beijing International Trust Co., where several other executives have also been investigated in recent years.
Hua Xia Bank itself has faced regulatory scrutiny, accumulating fines totaling approximately 118 million yuan in 2025 for issues spanning loans, interbank operations, anti-money laundering, and other core compliance failures. The bank has pledged to address these violations through internal reforms and accountability measures.
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