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China’s Anti-Graft Crackdown Has Ensnared Over 20 Finance Officials So Far

  • China launched national anti-graft crackdown in late 2021
  • Xi tightened grip in preparation for party congress this year
Updated on

China’s anti-graft crackdown has so far brought down more than 20 financial officials as authorities step up scrutiny over the nation’s $54 trillion financial system at a time of growing turmoil in the property market.

At least 24 officials had been probed or penalized since Oct. 12 when China launched a national anti-corruption inspection focused on financial institutions and regulators, according to a Bloomberg News tally based on announcements from the Central Commission for Discipline Inspection.