Tang Shuangning, former chairman of China -large State -owned Financial Holdings Company, was arrested.

The Chinese Supreme People's Procuratorate on Monday (January 15) reported on the official website that Tang Shuangning was suspected of corruption and bribery.The Supreme People's Procuratorate made a decision to arrest Tang Shuangning on suspicion of corruption and bribery.The case is being handled further.

Public information shows that Tang Shuangning was the chairman of the Everbright Group in 2007 and retired in 2017.

Six years later, the website of the Central Commission for Discipline Inspection announced in July last year that Tang Shuangning was investigated for serious disciplinary violations and reported that Tang Shuangning was expelled from the Communist Party of China on January 6 this year.

The website of the Central Commission for Discipline Inspection was expelled from the party's notice. In the middle, Tang Shuangning weakened the party's leadership of the party to state -owned enterprises to prevent and resolve difficulties in financial risks.

Tang Shuangning's successor Li Xiaopeng was announced by officials last April, and was expelled from the party and public office.The official website of the Supreme People's Procuratorate reported in October of the same year and decided to arrest Li Xiaopeng.