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Chinese anti-graft body criticises banks for ‘extravagance’

BEIJING (AFP) – Beijing’s anti-graft body has criticised more than 20 state banks, regulators, insurers and bad-debt managers following an investigation into corruption and financial risks, citing “many outstanding problems” in their work. The probe of some of China’s most important financial bodies comes amid a sweeping regulatory crackdown on major tech and property firms,
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