China's former banking regulatory official arrested for suspected bribery, power abuse

BEIJING -- Cai Esheng, former vice chairman of the now defunct China Banking Regulatory Commission, was arrested on suspicion of bribery and abuse of power, the Supreme People's Procuratorate (SPP) said Thursday.

Cai's case was transferred to prosecutors after an investigation by the National Supervisory Commission, the SPP said.

China Banking Regulatory Commission was replaced by China Banking and Insurance Regulatory Commission following a cabinet restructuring in 2018.