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China’s Anti-Graft Body Criticizes Central Bank, Regulators

  • A total of 25 institutions probed in first review since 2015
  • Corruption around key positions highlighted by watchdog
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China’s top disciplinary watchdog sharply criticized more than two dozen financial regulators, state banks, insurers and bad debt managers following months of investigations.

The financial agencies had common problems in meeting the objectives of the Communist Party’s leadership, including gaps in their work to implement the Party’s major strategy, insufficient awareness and mechanisms to prevent financial risks, and slow progress in making financial reforms, the Central Commission for Discipline Inspection said in a statement Thursday.