Financial Securities Official Snared in Corruption Probe

(Beijing) – An official in charge of reviewing the refinancing requests of listed enterprises has been placed under investigation on allegations of graft, China Securities Regulatory Commission (CSRC) said on June 20.

Li Zhiling, head of a bureau which oversees share issuances by companies listed on the Shenzhen and Shanghai stock exchanges, was fired for failing to comply with an internal regulation that bars her husband from trading stocks, CSRC said.