China’s top anti-graft body to intensify scrutiny in finance, SOEs, healthcare, and more fields
Published: Jan 08, 2024 04:07 PM
anti-graft Photo: VCG

anti-graft Photo: VCG

The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) and the National Commission of Supervision (NCS), the country’s top anti-graft body, has pledged to intensify scrutiny in areas including finance, state-owned enterprises (SOEs), healthcare, grain procurement and sale, rural revitalization, tobacco, sports, statistics and more.

Special efforts will be carried out to tackle industrial, systemic and regional corruption cases, and effectively prevent and defuse systemic risks, according to an article released on the CCDI and NCS’ website on Monday.

The article highlighted that in order to decisively win the protracted and tough battle against corruption, it is imperative to consistently maintain a “high-pressure stance” and never relent in the determination to punish wrongdoing.

According to a five-year work plan of the Central Anti-Corruption Coordination Group from 2023 to 2027, the anti-corruption work will be further expanded to the primary level, with harsh punishments for misconduct including embezzlement, illegal possession and misappropriation, as well as ways to solicit bribes.

A total of 405,000 officials at all levels were punished over the first nine months of 2023, of whom 34 of were senior officials at provincial or ministerial levels, per data from the CCDI and NCS.

In recent years, the financial sector has been a focal point for anti-corruption efforts. In 2023, at least 101 individuals in the financial field were put under investigation, according to media reports.

Notably, the list includes senior officials like Liu Liange, former Party chief and president of the Bank of China, Zhou Qingyu, a former vice president of China Development Bank, and Li Xiaopeng, former Party chief and chairman of China Everbright Group.

Out of the 101 individuals under investigation, 74 are from the banking sector, 12 from regulatory authorities, seven from insurance institutions, two from financial groups, one from a securities institution, and five from other financial organizations, domestic news site reported.

The high-intensity anti-corruption campaign continues into the beginning of 2024, with the latest busted case involving Wang Yongsheng, former deputy president of China Development Bank, who was expelled from the CPC for severe violations of Party discipline and the law, the country's top anti-graft body said on Friday.

Global Times