China launches anti-graft campaign in finance sector by inspecting banking regulator

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BEIJING : China's top anti-graft watchdog has kicked off a roughly two-month inspection of the country's banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party officials in the financial sector. The Central Commission for Discipline Inspection (CCDI) is deployin

BEIJING : China's top anti-graft watchdog has kicked off a roughly two-month inspection of the country's banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party officials in the financial sector.

A statement issued late on Monday by the China Banking and Insurance Regulatory Commission , the first institution to come under scrutiny, said inspectors will looking for any violation of politicial discipline - a Party euphemism for corruption. "Inspections are political supervision, and a powerful and comprehensive means of governing the Party in a strict way," Yang said.

In late September, China's top anti-graft official Zhao Leji called for in-depth inspection to uncover political deviation at Party organisations, as well as problems that affect the development of the financial sector.

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