China launches new round of graft busting in finance sector

BEIJING, Oct 12 (Reuters): China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings.

The country's top anti-graft watchdog has started a roughly two-month inspection of more than 20 institutions including the central bank, the banking and insurance regulator, stock exchanges, commercial banks and asset-management companies, in its first coordinated inspection of the sector since 2015.