Several banking executives have been targeted in an ongoing corruption probe as graft busters continue rooting out lapses in the industry and trace clues that emerged during the investigation of former securities chief Liu Shiyu, Caixin learned.

Leng Peidong, the chief of the Shanghai Branch of Ping An Bank, came under investigation shortly after the National Day holiday ended Oct. 8, people familiar with the matter told Caixin. Leng is also the assistant to the president of Ping An Bank, which is controlled by Ping An Insurance, China’s largest insurer by market value.

Leng joined Ping An Bank in 2007 and became the Shanghai branch chief in late 2006. He is among the promising executives in the Ping An conglomerate, people close to the bank said.

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