Caixin
Jan 17, 2019 06:25 PM
FINANCE

More Officials Call for Crackdown on Financial Corruption

CBIRC Chairman Guo Shuqing. Photo: VCG
CBIRC Chairman Guo Shuqing. Photo: VCG

The chairman and top graft-buster at the China Banking and Insurance Regulatory Commission (CBIRC) both vowed on Wednesday to broaden the crackdown on corruption in the financial industry this year.

The statement highlights the government’s growing interest in tackling official misconduct, specifically in the world of finance, which experienced several high-profile corruption cases last year.

The CBIRC statement echoed Sunday’s annual communiqué by the Central Commission for Discipline Inspection (CCDI), which vowed to step up the fight against corruption in the financial industry. The CCDI is the national body that investigates corruption and enforces discipline among Communist Party officials.

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