According to Wuhai Bank, on July 26, Wuhai Bank Party Secretary Zhao Kongzhang and his entourage investigated and visited the operations of relevant branches in the Haibowan District. Prior to that, Cui Hongjie held the position of party committee secretary and chairman of the bank. According to information, 55-year-old Zhao Kongzhang was originally party group secretary and director of the Wuhai Finance Bureau.

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