Citic Leasing shipping head targeted by Beijing’s anti-graft watchdog
Guo Fangmeng, managing director and head of shipping division at Citic Financial Leasing, was ‘taken away’ by anti-corruption authorities last week, sources said
Heaped compliance pressure, including the restriction of using shipbrokers, is making it more difficult to pursue new deals, while the regulatory uncertainties created by the disappearance of more leasing executives are affecting the confidence of their foreign counterparties