Macau media reported that on July 11th, Jia joined He Houhua, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference, along with Macau CPPCC standing committee member He Runsheng and CPPCC member Bo Jianguo, for an inspection visit to the Hengqin Guangdong-Macau In-Depth Cooperation Zone. His public appearances have sharply declined since then, and he was notably absent from a recent Bank of China work conference—further fueling speculation about his whereabouts.
No official explanation has been given for Jia’s detention, nor is it clear whether the case is linked to the recent wave of personnel shifts among Chinese bank executives in Macau. Jia assumed his current roles at Bank of China Macau in early August 2024, and also serves as chairman of the Macau Association of Banks. He previously held presidential posts at Bank of China’s Liaoning and Guizhou provincial branches.
This marks the latest in a series of shakeups involving top executives at estate-backed banks in Macau. In early July, the Central Commission for Discipline Inspection announced that Jiang Yisheng, former chairman of ICBC (Macau), was under investigation for serious disciplinary and legal violations. Jiang stepped down in June 2023. Mainland media reports have suggested his case may be connected to the family of tycoon Ng Lap Seng.
In a separate incident in 2023, the death of ICBC Macau deputy CEO Chan Kam Lun—who fell from a building—sparked speculation of possible links to internal corruption. That same year, ICBC Macau’s annual profit plunged to just MOP64 million ($8 million), a sharp decline from its historical range of MOP2.2 billion to MOP3 billion ($275 million to $375 million). Analysts widely attributed the drop to non-performing loans and management issues.
