Beijing Newspaper Investigated for Links to Tycoon

By Yue Yue and Han Wei

(Beijing) – The head of a state-backed securities industry newspaper is under investigation for links to controversial financial tycoon Xiao Jianhua, several sources close to the matter told Caixin.

Xie Zhenjiang, 63, has been removed from his post as the president of Beijing-based Securities Daily and chairman of Securities Daily Media Co., the newspaper’s business arm listed on the New Third Board for small- and medium-sized enterprises, sources said. Xie has been expelled from the Communist Party for serious disciplinary violations, they added.

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