Anti-graft in­spec­tion to tar­get financial sec­tor

China Daily (Canada) - - NEWS CAPSULE -

The anti-graft author­ity is set to ex­pand its in­spec­tions into more state en­ti­ties this year, with its sights set on ma­jor financial in­sti­tu­tions in­clud­ing the cen­tral bank, se­cu­ri­ties reg­u­la­tors and sta­te­owned banks.

A state­ment said that the third round will cover the Peo­ple’s Bank of China, the cen­tral bank, 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.

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