Banking (General)  

CCDI investigates head of PBoC monetary policy department for corruption

Sun is one of the biggest heads to roll since the CCDI launched an inspection of 25 financial regulatory agencies, state-owned banks, insurers, and state-owned asset management companies (“bad banks”) in September. The campaign took a while to get rolling, but more than 40 officials have since been probed or penalized – including 17 in April alone…

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