China Initiates New Round of Graft Inspections on State Bodies, Financial Institutions

What’s new: China is launching another series of sweeping disciplinary inspections covering nearly three dozen key government departments and state-owned financial institutions.

The third round of routine inspections, following the previous one in 2021, will target 34 bodies including central government ministries, the central bank, the Shanghai and Shenzhen stock exchanges, the biggest state-owned banks and insurers as well as policy lenders, according to a list published by the Xinhua News Agency Monday.