CCDI

China arrests former insurance executive as anti-corruption campaign sweeps finance sector

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China arrests former insurance executive as anti-corruption campaign sweeps finance sector

According to the Supreme People’s Procuratorate, Li is accused of serious violations, including severe breaches of party discipline and abuse of power, following an investigation by the National Supervisory Commission that concluded in late September. Li is accused of ignoring regulations by accepting invitations that could compromise his impartiality, breaching organisational principles to benefit others … Read more

China on track to break 2023 ‘tigers’ record as top anti-corruption watchdog nets 44

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China on track to break 2023 ‘tigers’ record as top anti-corruption watchdog nets 44

With three months still to go on the calendar, China’s top anti-corruption watchdog has detained nearly the same number of “tigers” as it did last year, setting a fresh record for President Xi Jinping’s signature clean-up campaign. The latest “tiger” to fall is again one of its own, a senior inspector from the Central Commission … Read more

China places former chairman of top aircraft maker AVIC under investigation for corruption

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China places former chairman of top aircraft maker AVIC under investigation for corruption

Tan, 62, was removed from his post at state-owned giant AVIC in March 2023 for age reasons, according to the party’s personnel management arm. Tan, a native of Hunan province, is a technocrat trained in aviation engine design, manufacturing and engineering. He had spent two decades with AVIC, a conglomerate with over 100 subsidiaries and … Read more

China investigates executives of state-owned energy and finance companies

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China investigates executives of state-owned energy and finance companies

Four current and former senior executives of China’s state-owned enterprises in sectors including finance and energy have been placed under investigation for alleged corruption. They are Zuo Zuqing, deputy director of the state-run China National Nuclear Corp’s capital operational centre; Chen Xiaopeng, former party secretary and director of the China Securities Regulatory Commission’s Shenzhen branch; … Read more

Beijing trains sights on China’s vast finance sector with new anti-corruption body

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Beijing trains sights on China’s vast finance sector with new anti-corruption body

Wang vowed that the new watchdog dedicated to financial sector corruption would “resolutely shoulder the political responsibilities”, ensuring China’s financial sector followed the party’s directions closely, according to the article. “[We will] strengthen political supervision as top priority … focus on implementing the major decisions and arrangements of the party Central Committee on financial work,” … Read more

East China’s Suzhou latest to join ‘tighten belts’ call as Beijing leads austerity drive

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East China’s Suzhou latest to join ‘tighten belts’ call as Beijing leads austerity drive

The hi-tech manufacturing hub of Suzhou in eastern China has called on civil servants to “get used to living a tight life”, rolling out spending cuts in response to Beijing’s nationwide austerity call to cope with a sluggish economy. The cutbacks include not replacing official cars until they are 10 years old or have done … Read more

Exclusive | Official indictment of fallen Chinese defence minister Wei Fenghe may include coded hint he was compromised by hostile force

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Exclusive | Official indictment of fallen Chinese defence minister Wei Fenghe may include coded hint he was compromised by hostile force

Of the all top generals who fell in Xi’s war against corruption, Wei was the only one described as “zhongcheng shi jie” or “ being disloyal and losing one’s chastity”. The hard-to-translate phrase “shi jie” has its origins in Chinese history, where it was used to describe the moral degradation of the scholar-gentry who formed … Read more

China amasses record half-year ‘tiger’ tally in anti-corruption campaign

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China amasses record half-year ‘tiger’ tally in anti-corruption campaign

All of the tigers – as the CCDI refers to them – belonged to a pool of officials known as “centrally managed cadres”, meaning they held ranks at the deputy ministerial level or above. A smaller number held slightly lower ranks but occupied key positions in critical sectors. Eight of the 36 detained in the … Read more

China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

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China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

The chief of a branch of China’s securities regulator, was detained by the Communist Party’s anti-graft body for alleged serious violations of discipline and laws, amid disgruntled equity investors’ uproar over a slumping market. Beijing-based financial media outlet Caixin said that Ling was apprehended on Monday morning and that his detention might be linked to … Read more

China’s anti-corruption watchdog investigates former Tibet party boss Wu Yingjie

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China’s anti-corruption watchdog investigates former Tibet party boss Wu Yingjie

The country’s top anti-corruption watchdog did not release details of his alleged crimes, but “serious violations of discipline and laws” is a widely used euphemism for corruption or political misdeeds. Wu is the latest of several high-profile officials to be investigated as part of China’s anti-corruption drive. He is the eighth ministerial-level official to be … Read more