China puts graft-busters into senior posts at banking, insurance watchdogs

BEIJING - China has put two vigorous graft-busters into top positions at the country’s banking and insurance regulatory commissions — a strong message that upgraded anti-corruption investigations can be expected throughout China’s financial system.

The two are 45-year-old Li Xinran, the newly appointed Head of Discipline Inspection at the China Banking Regulatory Commission, and 51-year-old Lin Guoyao, the new Head of Discipline Inspection at the China Insurance Regulatory Commission.

Caixin reports that both Li and Lin took up their posts in late September, replacing former heads nearing the mandatory retirement age, according to the regulators’ official announcements.  www.webershandwick.cn (ATI).