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China to Target Financial Sector in New Anti-graft Inspection

(CRI Online)    12:02, October 24, 2015
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Wang Qishan (C,back), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Central Commission for Discipline Inspection, addresses a meeting on anti-graft inspection in Beijing, capital of China, Oct. 23, 2015. [Photo: Xinhua/Li Tao]

China's anti-graft authority is set to expand its inspections into more state entities this year, with its sight set on major financial institutions including the central bank, securities regulators and state-owned banks.

A statement from the Central Commission for Discipline Inspection says the latest round will cover the People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission, China Securities Regulatory Commission and China Investment Corp.

Others include CITIC Group Corporation, a major financial conglomerate; state-owned banks Industrial and Commercial Bank of China, and Bank of China; as well as China Life and the People's Insurance Company of China, two large insurers.

China's two stock exchanges - Shanghai Stock Exchange and Shenzhen Stock Exchange - are also on the list. 31 organizations will be inspected in this round.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)

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