China steps up anti-corruption drive as Evergrande crisis puts spotlight on financial risk
Published
Sep 27 2021 at 2:00 PM GMT
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- China’s top anti-corruption official will launch a nationwide audit of major financial firms and regulators to eliminate risk in the sector, following debt crises at state-owned financial conglomerate Huarong and private property developer China Evergrande.
- Zhao Leji, secretary of the Central Commission for Discipline Inspection, announced at a conference on Sunday “full-scale disciplinary inspections” to safeguard the healthy development of China’s financial sector.
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- Published Sep 27, 2021 2:00 PM GMT