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China steps up anti-corruption drive as Evergrande crisis puts spotlight on financial risk

Summary:
[unable to retrieve full-text content]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.Twenty-five organisations…

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[unable to retrieve full-text content]
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.Twenty-five organisations…

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