China steps up fight against abuse of power by stock market regulators

SHANGHAI- China’s corruption watchdog will work with the country’s stock market commission to combat graft and abuse of power following a spate of violations in which companies pay officials to gain regulatory approvals, it said on Sunday.

China is stepping up efforts to fight corruption in the securities market as part of a campaign to reduce financial risks following a number of irregularities involving the misuse of vetting power, according to an article published by the Central Commission for Discipline Inspection (CCDI) on Sunday.