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China names new leaders of anti-corruption agencies at financial regulators

Appointing of new top corruption agency officials comes as Communist Party makes final preparations for a twice-a-decade party congress later this month

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New appointments have fuelled speculation that President Xi Jinping’s crackdown on corruption in the financial sector could escalate. Photo: AFP

China’s Communist Party has named new top officials to lead anti-corruption agencies at the country’s banking and insurance regulators as it makes final preparations for a twice-a-decade party congress later this month.

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 released late on Tuesday.

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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.

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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 (CCDI), China’s top anti-corruption watchdog.

China is making final preparations for a twice-a-decade Communist Party congress later this month. Photo: AFP
China is making final preparations for a twice-a-decade Communist Party congress later this month. Photo: AFP
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