🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

China's top anti-graft watchdog probing Shanghai head of banking and insurance regulator

Published 12/03/2021, 06:25 AM
Updated 12/03/2021, 06:31 AM
© Reuters. FILE PHOTO: The headquarters of the Central Commission for Discipline Inspection of the Communist Party of China is pictured in Beijing, China February 10, 2018. Picture taken February 10, 2018. REUTERS/Jason Lee

BEIJING (Reuters) - China's top anti-corruption watchdog said it is investigating the head of the Shanghai office of the China Banking and Insurance Regulatory Commission, Han Yi, over serious violations of party discipline and national laws.

© Reuters. FILE PHOTO: The headquarters of the Central Commission for Discipline Inspection of the Communist Party of China is pictured in Beijing, China February 10, 2018. Picture taken February 10, 2018. REUTERS/Jason Lee

The Central Commission for Discipline Inspection (CCDI) announced the probe in a statement published on Friday, without giving further details.

The CCDI started in October a roughly two-month inspection of 25 financial institutions including the central bank, the banking and insurance regulator, stock exchanges, commercial banks and asset-management companies.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.