
China's ongoing anti-corruption campaign in the financial sector has led to significant developments involving several high-ranking officials. An Qingsong, the former chairman and party committee chief of the China Futures Association, has been charged with bribery. In the first half of 2024, China's disciplinary watchdog reported filing 405,000 cases, with 41 officials at the provincial and ministerial levels among those investigated. Notably, Cui Maohu, the former head of China's National Religious Affairs Administration, was sentenced to 11 years in prison for accepting bribes totaling 10.43 million yuan ($1.44 million). Additionally, Luo Baoming, the former governor and party chief of Hainan province, has voluntarily surrendered and is under investigation for severe violations of discipline and laws. Shang Liguang, the former deputy party chief of Shanxi Province, is also facing public prosecution for suspected bribery following an investigation by the National Commission of Supervision.
A public prosecution has been initiated against Shang Liguang, former deputy party chief of China's Shanxi Province, due to suspected bribe-taking following the conclusion of an investigation by the National Commission of Supervision. https://t.co/6pFZ1Hvszu
Luo Baoming, former governor and party chief of South China’s Hainan province has turned himself in to authorities and is being investigated by the country’s top graft busters. https://t.co/qUWxCYJq6q
41 provincial- and ministerial-level officials were investigated in China in the first half of 2024, according to central disciplinary inspection authorities of the Communist Party of China (CPC) on Thursday. https://t.co/3tFWSadsNB