Mar 02, 2018 06:34 PM

The Best Reads of the Week From Caixin

The mysterious founder and chairman of China’s private conglomerate CEFC China Energy, which is set to take a $9 billion stake in Russia’s state-controlled oil major Rosneft, has been placed under investigation, Caixin learned from sources close to the matter.

The international economic and financial communities have only recently gotten to know Liu He, after he became China’s top representative at the World Economic Forum in Davos, Switzerland in January, where he talked about China’s plans to further open its financial sector this year.

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