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27

China’s Top Graft Buster Turns Sights on Financial Industry

By Tony Seruga

Discipline agency’s checks add to post-stock rout probes
PBOC, China Investment Corp., five biggest banks face scrutiny

China’s top graft buster is turning its sights on the financial industry with plans to dig into organizations ranging from the world’s biggest bank to the regulator overseeing a volatile stock market.

The People’s Bank of China, the nation’s five biggest lenders, sovereign-wealth fund China Investment Corp. and the banking, securities and insurance regulators are among 31 entities that will be inspected for possible misconduct or corruption…

China’s Top Graft Buster Turns Sights on Financial Industry

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