Party Inspection Teams Conduct Corruption Investigations in Financial Sector

Caixin reported that, by the end of October, the CCP’s Central Commission for Discipline Inspection (CCDI) will send inspection teams to conduction corruption investigations at the China Banking Regulatory Commission (CBRC), the China Securities Regulatory Commission (CSRC), the People’s Bank of China, and the China Insurance Regulatory Commission (CIRC). The inspection teams are expected to stay onsite for two months. One team will be at the CBRC and the CSRC and the other will be at the People’s Bank of China and the CIRC. Investigations at four State-owned commercial banks will soon follow. These banks are the Industrial and Commercial Bank of China, the China Construction Bank, the Bank of China, and the Agricultural Bank of China.