CHINA-ANTI-CORRUPTION: PARTY CENTRE APPROVES 8TH ROUND OF CENTRAL INSPECTIONS OF FINANCIAL, BANKING ETC COMPANIES AND REGULATORS

The Paper (September 27) reported that the Party Center had approved Central Inspection Groups to carry out the 8th round of inspections of the following finance-related institutions--regulators, 5 institutions, companies: the People’s Bank of China (PBoC), China Banking and Insurance Regulatory Commission (CBRIC), China Securities Regulatory Commission (CSRC), State Administration of Foreign Exchange (SAFE), and China Investment Corporation. , China Development Bank, Export-Import Bank of China, Agricultural Development Bank of China, Industrial and Commercial Bank of China Co., Ltd., Agricultural Bank of China Co., Ltd., Bank of China Co., Ltd., China Construction Bank Co., Ltd., Bank of Communications Co., Ltd., China CITIC Group Co., Ltd., China Everbright Group Co., Ltd., People's Insurance Company of China, China Life Insurance (Group) Company, China Taiping Insurance Group Co., Ltd., China Export and Credit Insurance Corporation, Shanghai Stock Exchange, Shenzhen Stock Exchange. It added that the party organisation of 25 financial institutions including China Huarong Asset Management Co., Ltd., China Great Wall Asset Management Co., Ltd., China Orient Asset Management Co., Ltd., and China Cinda Asset Management Co., Ltd. had carried out regular inspections. (Comment: The CCP CC has, since the 18th CCP CC, authorised 2-3 'inspections' a year. These inspections rotate through all the provinces, government ministries/agencies, and major central SOEs.)





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