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Ten Officials from the Financial Oversight Offices Were Taken Down

Xi Jinping and Wang Qishan expanded the anti-corruption campaign into the financial sector this year.  The Communist Party’s Central Commission on Discipline Inspection (CCDI) listed 53 officials in the financial sector who have been taken down since 2012. Among them, ten were from the four top financial oversight offices: the Central Bank (People’s Bank of China), China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC), and the China Insurance Regulatory Commission (CIRC).

Among those ten, five were from the CSRC, four from CBRC, and one from CIRC. However, the CIRC official held the highest rank: Xiang Junbo (项俊波), Chairman of the CIRC. No one from the Central Bank was taken down.

Source: Phoenix New Media, May 7, 2017