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Economy

Top disciplinary watchdog sets sights on financial sector

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2015-09-21 07:58Global Times Editor: Li Yan

The central inspection team of the Communist Party of China (CPC) Central Commission for Discipline Inspection (CCDI) will target the financial sector in the future, media reported on Sunday.

Having finished half of the planned 285 goals, the group will expand its scope to include more financial companies and universities.

Only one financial company and two universities were investigated among the previous seven rounds of inspection, the Xinhua News Agency said, adding that 118 local Party, government bodies and businesses from 31 provincial regions, including 55 State-owned enterprises, have been inspected.

The teams have vowed to conduct a comprehensive inspection of all the units and companies owned by the State across China before the administrative term ends.

A total of 1,149 people were punished for misconduct, and a large number of government officials were busted from clues spotted during inspections, greatly curbing the tendency of corruption, said Xinhua.

Inspections conducted at the provincial level covered 3,738 government bodies and companies as of June and found 5,100 cases of possible malpractice and misconduct among senior government officials, according to the Ministry of Supervision.

The three provinces with the most cases of misconduct are Henan, Hubei and Shanxi.

China's anti-graft measures have played a key role in uncovering and correcting misconduct since 2012.

  

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