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China anti-corruption campaign – XtremeCuztoms

Tag: China anti-corruption campaign

China’s ‘M&A King’ Bao Fan Vanished, Rocking Country’s Financial Sector

China’s “M&A King” Bao Fan has been missing for over 50 days, sending shockwaves throughout the country’s financial and political circles. On April 3, China Renaissance Group, the company Bao founded, announced a trading halt, suspending trading from 9:00 am that day. The release of its annual performance report for 2022 has also been deferred…


Unofficial Chinese Police Stations in Canada Likely Number More Than 3, Says Report Co-Author

The Chinese regime has likely established more unofficial overseas police stations in Canada than the three in Toronto identified in a report by a human rights NGO, a co-author of the report says. Spain-based Safeguard Defenders published a report in September warning of the regime’s “long-arm policing” around the world through what’s been dubbed the “110…


Xi Jinping Purges Capital Market, Investigates Former CSRC Commissioner

Zhu Yi, a former member of the Issuance Appraisal Committee of China Securities Regulatory Commission (CSRC), has recently been investigated. The purge of the financial system by the CCP chief Xi Jinping has further intensified after the Party’s crucial mid-term congress (the 6th Plenary Session of the 19th CCP Central Committee) in early November. On…


The Recent ‘Anti-Corruption Charges’ Against Two Chinese Officials Point to a Coup Plot

News Analysis Two high-ranking officials in China’s domestic security system have officially become the latest targets of Chinese leader Xi Jinping’s anti-corruption campaign. On Sept. 30, the Central Commission for Discipline Inspection (CCDI), the Chinese Communist Party’s (CCP) anti-corruption watchdog, announced that the case against Sun Lijun, the former Deputy Minister of Public Security, has…


The Recent ‘Anti-Corruption Charges’ Against Two Chinese Officials Point to a Coup Plot: Expert

News Analysis Two high-ranking officials in China’s domestic security system have officially become the latest targets of Chinese leader Xi Jinping’s anti-corruption campaign. On Sept. 30, the Central Commission for Discipline Inspection (CCDI), the Chinese Communist Party’s (CCP) anti-corruption watchdog, announced that the case against Sun Lijun, the former Deputy Minister of Public Security, has…


Former Chairman of China Development Bank Sentenced to Life in Prison for Graft

A Chinese court has sentenced Hu Huaibang, the former chairman of China Development Bank (CDB), to life in prison on bribery-related crimes. He is the second high-profile financial executive to be sentenced this week. The Intermediate People’s Court of Chengde city, in China’s Hebei Province, handed down the sentence on Jan. 7. Hu’s personal property…