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  • August 22, 2014
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  1. News - China - CORRUPTION

    Zhang Dongsheng, former general director of NDRC finance department, in corporate bond sales probe

    Posted Aug 14th 2014, 03:04am by Reuters, Daniel Ren

    ... via illegal bond trading on the interbank market. Fund managers from fixed-income departments of several financial institutions, including Citic Securities, Wanjia Asset Management and Guosen ... and the illegal income could amount to billions of yuan. In a typical case, a member of the interbank market would sell bonds to an affiliated institution at an artificially low price before the affiliate ...

    http://www.scmp.com/news/china/article/1573062/zhang-dongsheng-former-general-director-ndrc-finance-department-corporate
  2. News - China - CORRUPTION

    SOE chiefs could be next target of anti-graft campaign

    Posted Aug 22nd 2014, 04:30am by MANDY ZUO

    ... "Taking advantage of public resources is also corruption." China News Service reported yesterday that provincial governments had recently rolled out their own reform plans for SOEs, including ...

    http://www.scmp.com/news/china/article/1578754/soe-chiefs-could-be-next-target-anti-graft-campaign
  3. News - China - CORRUPTION

    The village that brought down Guangzhou's Cao Jianliao

    Posted Aug 18th 2014, 05:36am by Mimi Lau

    ... the community's unity. The report did not say how much money Cao pocketed. The village covers 470,000 square metres but 350,000 square metres has already been leased out to developers below market price, ...

    http://www.scmp.com/news/china/article/1575742/village-brought-down-guangzhous-cao-jianliao
  4. News - China - CORRUPTION

    Deputy chief of CCTV's popular drama station placed under investigation

    Posted Aug 16th 2014, 02:30am by WU NAN

    ... investigation A leading director at China Central Television (CCTV) was taken away for investigation on Thursday, becoming the latest figure to be caught up in an anti-corruption drive that has claimed ... by prosecutors, news website Caixin Online reported yesterday. One of Huang's relatives also confirmed to the South China Morning Post last night that the deputy director was helping investigators. ...

    http://www.scmp.com/news/china/article/1574470/cctv-channel-8-deputy-director-under-investigation
  5. News - China - CORRUPTION

    China announces corruption probe into former security chief Zhou Yongkang

    Posted Jul 29th 2014, 06:06pm by Keith Zhai

    ... the South China Morning Post exclusively reported last August that current and retired party leaders had agreed to open a case against Zhou. He is the most senior Chinese official brought down ... of the party's unity. It will also galvanise President Xi Jinping in his fight against corruption, which he has identified as the single biggest threat to China and the Communist Party. It breaks ...

    http://www.scmp.com/news/china/article/1561963/china-starts-probe-ex-security-chief-zhou-yongkang
  6. News - China - CORRUPTION

    Guangdong and Hubei elevate graft-busters in provincial party hierarchy

    Posted Aug 15th 2014, 03:52am by Cary Huang

    ... Cary Huang cary.huang@scmp.com Guangdong and Hubei cement new rankings for anti-corruption chiefs in party hierarchies across the province to give watchdogs a bigger bite Greater power for local graft-busters The Communist Party committees in Hubei and Gu ...

    http://www.scmp.com/news/china/article/1573789/guangdong-hubei-boost-party-status-graft-busters-corruption-fight
  7. News - China - CORRUPTION

    Drug chief reclassified herb to benefit his province, anti-graft official claims

    Posted Aug 13th 2014, 05:05am by Zhuang Pinghui, CECE ZHANG

    ... of Lonicera japonicae- which is grown in southern China where it is called jinyinhua, or "gold silver flower"- to shanyinhua, or "mountain silver flower" in its 2005 version ... Lu posted copies of documents from the Hunan government asking the China Food and Drug Administration to reinstate one subcategory of the plant as jinyinhua in the 2005 edition ...

    http://www.scmp.com/news/china/article/1572431/drug-chief-reclassified-herb-benefit-his-province-anti-graft-official
  8. News - China - CORRUPTION

    Former boss of Shanghai-based food giant arrested by anti-graft inspectors

    Posted Aug 12th 2014, 12:07pm by LAURA ZHOU

    ... of China's most high-profile corruption scandals. Beijing decided to send an anti-graft inspection team to Shanghai in late July, two days after the announcement of a formal investigation into Wang. ...

    http://www.scmp.com/news/china/article/1571966/shanghai-anti-graft-campaign-nets-former-chairman-two-state-owned-firms
  9. News - China - CORRUPTION

    Xi Jinping's anti-corruption drive faces test at Beidaihe party meeting

    Posted Aug 08th 2014, 04:55am by Keith Zhai, Cary Huang

    ... Jonathan Holslag, research fellow at the Brussels Institute of Contemporary China Studies, said Xi's biggest challenge was that he was becoming isolated. "Business leaders are losing ... Steve Tsang, director of the China Policy Institute at the University of Nottingham in Britain, said: "This is meant to deliver a powerful, effective and efficient Leninist party, to enable ...

    http://www.scmp.com/news/china/article/1568671/xi-jinpings-anti-corruption-drive-faces-test-beidaihe-party-meeting
  10. News - China - CORRUPTION

    GlaxoSmithKline boss insists he has ‘zero tolerance’ of bribery

    Posted Jul 24th 2014, 01:29pm by The Guardian in London

    ... doctors and health officials up to 3 billion yuan to push the company’s drugs. The China scandal knocked four percentage points off GSK’s otherwise stellar sales growth in emerging markets ... themselves. GSK’s internal investigations have not found any evidence of widespread fraud. Despite the problems in China, emerging markets put in a strong performance, with GSK sales up 11 per cent, ...

    http://www.scmp.com/news/china/article/1558104/glaxosmithkline-boss-insists-he-has-zero-tolerance-bribery

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