China: anti-graft watchdog demotes four banking regulators @youarecorrupt | Jean Boulle Luxury | Scoop.it

China: anti-graft watchdog demotes four banking regulators @youarecorrupt

China’s top graft-buster agency has demoted four bank regulators for violating Communist Party rules and procedures, in the latest punishment issued to the country’s financial sector in President Xi Jinping’s three-year anti-corruption campaign. Wang Yanyou, Communist Party secretary at the China Banking Association and former head of innovative supervision department at the China Banking Regulatory …