CCPSnippets: Top graft-busters for financial regulators

Top graft-busters for financial regulators

BEIJING • China's Communist Party has named top officials to lead anti-corruption agencies at the country's banking and insurance regulators.

The appointments have fuelled speculation that President Xi Jinping's crackdown on corruption in the financial sector could escalate further after the campaign put China's former top insurance regulator Xiang Junbo and some big tycoons under investigation.

Mr Lin Guoyao, a former municipal official in the coastal province of Fujian, has been appointed chief of the Party Disciplinary Commission at the China Insurance Regulatory Commission, according to an official online statement.

Mr Lin, 51, spent 31 years working in the southern province, rising to the post of vice-mayor in the city of Xiamen before being appointed party secretary of Longyan city.

Mr Li Xinran, 45, has been named chief of the Party Disciplinary Commission at the China Banking Regulatory Commission. He worked for 22 years at the Central Commission for Discipline Inspection, China's top anti-corruption watchdog.

REUTERS


Ex-envoy moved to Taiwan Affairs Office

BEIJING • China's former ambassador to the United Nations has taken up a new role as a deputy head of the country's Taiwan policymaking body, the Taiwan Affairs Office, part of a leadership reshuffle connected to a key Communist Party Congress opening next week.

Taiwan is one of China's most important and sensitive issues. China considers Taiwan to be a wayward province and has never renounced the possibility of using force to bring the island under its control.

Veteran diplomat Liu Jieyi served as China's ambassador to the UN from August 2013 until last month, when he was recalled to Beijing .

Mr Liu has now taken up the position as the top ranked of four deputy heads of the Taiwan Affairs Office, according to an updated list of the office's leadership positions posted on its website. REUTERS

A version of this article appeared in the print edition of The Straits Times on October 12, 2017, with the headline 'CCPSnippets'. Print Edition | Subscribe