Yao Zhongmin is the former director of the National Bank of China. He has worked in the National Bank of China for nearly 20 years and retired in December 2013. He was reported to be investigated three years after retirement.In the end, Yao Zhongmin was sentenced to 14 years in prison for bribery, and fined 3.5 million yuan (RMB, about S $ 640,000).

Chinese officials have recently increased their efforts to fight tigers.According to surging news statistics, in the six days from July 15th to July 20th, three consecutive central management cadres were investigated by financial systems.Among them, on July 15th, Tang Shuangning, former party committee and chairman of China Everbright Group Co., Ltd., announced their dismissal.Three days later, Xiao Xing, a member of the Party Committee and Deputy General Manager of China Taiping Insurance Group Co., Ltd., was declared investigated, and both were accused of serious disciplinary violations.

Wang Yongsheng is also the 30th central management cadre that was checked this year.