With the leadership transition safely behind them, Xi Jinping and his anti-corruption czar Wang Qishan (pictured) are about to launch a “carefully planned and proactive” assault on financial-sector corruption, according to online portal DWNews.
“Well-informed sources say that Wang has ordered various departments of CCDI to be fully prepared for the battle against corruption,” DWNews said.
Before his appointment as head of the Chinese Communist Party’s top disciplinary body, Wang made a name for himself as a gifted financial regulator. He held important posts at two of China’s “Big Four” leading banks before becoming director and Party secretary of the Office of Economic Restructuring of the State Council in 2000.
At a recent meeting, Wang said the Party should commit to winning the war against corruption both during the ongoing crackdown (which he called “the war of annihilation”) and over the long term.
Source: DWNews (多维), Tencent News (腾讯新闻)
A version of this post appeared in the China Compliance Digest. For a limited time, subscribers to China Compliance Digest will receive the China Anti-Corruption Handbook (normally $750) and FCPA Blog membership (normally $495) at no extra charge. Details are here.