Recent military purges have shaped trader views on the low probability of a China coup attempt before 2027. In January 2026, senior Central Military Commission figures Zhang Youxia and Liu Zhenli were removed from their posts and later expelled from the Communist Party over alleged discipline violations and factionalism; additional officers have since been sidelined. These moves, officially tied to anti-corruption efforts, have further concentrated authority under Xi Jinping and the remaining CMC leadership. No coordinated effort by military or state factions to seize power has been independently verified or widely reported as an executed attempt. The party's institutional controls, information restrictions, and upcoming leadership transitions at the 21st National Congress in 2027 continue to anchor the market's assessment of stability.