The 20th Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) released its work report Thursday.
The report was delivered on Jan. 9 by Li Xi, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and secretary of the CCDI, at the second plenary session of the 20th CCDI of the CPC.
The report, with the theme of fully studying and implementing the guiding principles of the 20th CPC National Congress and advancing full and rigorous Party self-governance, analyzed and laid out the CCDI's work in 2023.
Party discipline inspection commissions and supervision agencies, as a vital force for pushing forward full and rigorous Party self-governance, should take it as their primary political task to study and implement the guiding principles of the 20th National Party Congress, the report says.
It requires more efforts to improve Party conduct, build integrity and prevent corruption, and promote high-quality development of disciplinary inspection and supervision work on the new journey in the new era, laying a solid foundation for a positive start to building China into a modern socialist country.
The report also calls for efforts in fighting the battle against corruption and winning this tough and prolonged battle, deepening reform of the discipline inspection and supervision system and strengthening the building of the contingent of relevant officials.
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China anti-graft body vows crackdown on finance sector corruption
By Laurie Chen
BEIJING (Reuters) – China's top graft-busting body on Thursday vowed to "resolutely" crack down on corruption in the financial sector, days after a well-known Chinese dealmaker became the latest business executive to go missing without explanation.
In a strongly worded commentary on its website, the Central Commission for Discipline Inspection (CCDI) vowed to "seriously punish … corrupt elements" in "resource-rich, capital-intensive areas" including finance, state-owned enterprises and grain purchasing entities.
"We must resolutely investigate and deal with corruption where political and economic issues are intertwined, resolutely prevent leading cadres from becoming spokesmen and agents for interest groups and powerful groups, and resolutely prevent political-business collusion," it said.
The wording suggests that President Xi Jinping's signature anti-corruption campaign is increasingly turning towards the corporate sector.
CCDI corruption probes in recent years felled government and Communist Party officials, including in the police and the judiciary.
The abrupt disappearance last week of Bao Fan, founder of investment bank China Renaissance, sent chills through the business sector and was the latest in a series of cases of high-profile Chinese executives to suddenly vanish from public view.
The CCDI, which roots out and punishes corruption within the 97 million-member ruling Communist Party, is extremely powerful and operates above state oversight. Fighting corruption to advance the party's "self-revolution" has been a signature tool of Xi's rule since he became China's supreme leader in 2012.
Xi's corruption fight has proven popular among a public that had grown fed up with widespread graft, and has also helped him consolidate power by replacing rivals with his own loyalists, analysts have said.
Thursday's statement comes more than a year after the CCDI launched a high-profile investigation of the state banking and insurance regulator in October 2021, as part of a broader campaign to weed out corrupt Communist Party officials in the financial sector.
(Reporting by Laurie Chen; Editing by Tomasz Janowski)
