Party expels former insurance regulator

The former chairman of China Insurance Regulatory Commission, Xiang Junbo, has been expelled from the Communist Party of China and dismissed from public office for corruption and violating the Party's code of conduct, according to a statement released by the Central Commission for Discipline Inspection on Saturday.

Xiang violated the Party's eight-point frugality code, attended lavish banquets and had long engaged in superstitious activities, the CCDI said.

He refused to cooperate with the Party's investigation, failed to report personal information, traded power for sex and was engaged in for-profit activities, the statement said.