The People’s Bank of China in Beijing has been trying to establish credibility with domestic and global investors.
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Andrea Verdelli/Bloomberg News
HONG KONG—China’s top antigraft body placed a senior central banker under investigation on Wednesday, citing “suspected serious violations of laws and discipline.”
Sun Guofeng, 49 years old, was removed this month from his position as the head of the monetary-policy department at the People’s Bank of China, the Central Commission for Discipline Inspection said in a brief statement on its website.
Mr. Sun had held different roles at the central bank since 1996, and became the head of the monetary policy department in August 2018. He made regular appearances at PBOC news conferences—including as recently as last month—where he explained the central bank’s policy motives and answered questions about financial support to the economy.
The Wall Street Journal reported in December that disciplinary inspectors from the anticorruption agency had visited the central bank’s headquarters in Beijing, where they reviewed documents and asked questions. The moves came at a time when the PBOC—which sets monetary policy and is also a regulator of the country’s banks—has been trying to establish credibility among domestic and global investors.
The PBOC didn’t respond to inquiries sent by the Journal on Wednesday.
—Grace Zhu contributed to this article.
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