Since Chinese Communist Party (CCP) leader Xi Jinping appointed a new official to head the Party’s internal anti-graft watchdog organization, there has been a lot of media speculation about what direction Xi’s anti-corruption campaign will take over the next five years. Now, after the watchdog made personnel changes at three major financial institutions in less than a month, it appears it has already set its targets.
The Party’s Central Commission for Discipline Inspection (CCDI) has appointed one new director each to monitor corruption at China’s central bank, People’s Bank of China, and at two state regulators, the Banking Regulatory Commission and Insurance Regulatory Commission.
