Ex-Chinese central-bank deputy governor Fan expelled from Communist Party

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Ex-Chinese central-bank deputy governor Fan expelled from Communist Party
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A former deputy governor of China's central bank, Fan Yifei, has been expelled from the Communist Party and removed from his post for serious violations of discipline and law, state media CCTV reported on Friday.

Fan, 59, held the deputy governor post of the People's Bank of China since early 2015 but was suspended andReuters has been unable to contact him for comment.

He "relied on finance, ate on finance", "made money with money" as well as engaging in power-for-money deals in the name of "investment" for a long time, the media report said.

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