Xi Jinping’s ongoing anti-corruption campaign and associated disciplinary actions continue to shape expectations for further leadership changes ahead of the Fifth Plenum of the 20th Central Committee, scheduled for late October 2026. Recent investigations have targeted senior military figures, including Central Military Commission members Zhang Youxia and Liu Zhenli, alongside civilian officials such as former Chongqing mayor Huang Qifan and Beijing executive vice mayor Xia Linmao, with many removals concentrated in the Eastern Theater Command and among those promoted during Xi’s tenure. The campaign, which has already reduced Central Committee participation and left multiple CMC seats vacant, aligns with preparations for the 21st Party Congress in 2027 and emphasizes party self-governance. Traders monitoring these markets focus on patterns of loyalty enforcement, generational turnover, and policy alignment in the military and provincial ranks as indicators of next targets.