XIANG JUNBO, chairman and Party chief of China Insurance Regulatory Commission (CIRC), is currently under probe, according to China’s top anti-graft authority.

    The Central Commission for Discipline Inspection of the Communist Party of China said in an online statement yesterday that Xiang was being investigated for suspected serious violations of the Party’s code of conduct.

    Xiang is also a member of the Central Committee of the Party. Xiang, born in 1957, who is also a member of the central bank’s monetary policy committee, took control of the insurance regulator in 2011 after serving as chairman of the Agricultural Bank of China, one of the big four State banks. He obtained a Ph.D. in law from Peking University.

    (Xinhua)