Understanding China, One Blog at a Time

An American in China

China Rooting Corruption to Its Core?

Posted by w_thames_the_d on July 9, 2012

China’s security exchange commission is taking care of ‘bidness’, or rooting out corruption. In order to do so they have assembled a 200 member team. In a country this large, with so much corruption, is that enough people?
“An inside sources note that a 200-member auditing team of the China Securities Regulatory Commission is probing insider trading reports in capital-active areas throughout China, including Shanghai, Beijing, Hangzhou and Shenzhen. Many investigations are being carried out by the auditing team directly, rather than local regulatory bureaus, and therefore elicit scant public attention.”

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