Credit Suisse bank, which collapsed last week, revealed on its website that it had a CCP-affiliated member on its board of directors.
Shan Li, according to the bank’s website, is a board member with long extensive ties to the Chinese Communist Party (CCP), with senior roles on the bank’s risk management team, Asia advisory council, and compensation committee since 2019.
Fox News reported Li’s ties to the CCP on March 17, before UBS offered to buy the failed bank for $3.25 billion last weekend.
Li’s Credit Suisse biography displayed his wide-ranging experience with Beijing-affiliated companies, including his membership on the board of the Silk Road Finance Corporation, which is one of the biggest promoters of the CCP’s Belt and Road Initiative campaign, along with previously held high-ranking positions at the state-owned China Development Bank and Bank of China….