Wang, born in July 1948, was elected a member of the Standing Committee of the CPC Central Committee's Political Bureau and appointed chief of the ruling party's anti-graft body last month, just a few days after the October inflation index was announced.
The other six members of the Standing Committee are Xi Jinping, who was also elected general secretary of the CPC Central Committee, as well as Li Keqiang, Zhang Dejiang, Yu Zhengsheng, Liu Yunshan and Zhang Gaoli.
Wang was first noticed by the international financial community in 1998, when he became executive deputy governor of south China's Guangdong to straighten widespread financial disorder in the province.
The toughest test for Wang was to tackle the payment crisis of the non-banking financial institutions in Guangdong, which had total liabilities of more than 100 billion yuan.