Retired Shandong Securities Regulator Put Under Probe

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Chinese GPU-Maker Moore Threads Unveils AI Chip to Rival Nvidia

LATEST: Chinese GPU-Maker Moore Threads Unveils AI Chip to Rival Nvidia; China Unveils Draft Rules to Speed Certification of eVTOL Aircraft; China’s AI Talent Supply Outpaces Demand, Survey Shows; Surge in Model Token Use to Send China’s AI Market Value Soaring, Industry Expert Says; Chinese GPU-Maker Warns Stock Surge Won’t Last Forever; China to Require Real-Name Registration for All New Drones; JD.com’s Industrial Unit Slides in Hong Kong Trading Debut; ZTE Faces Renewed U.S. Scrutiny Over Alleged Venezuela Bribery; Chinese Chip Heavyweight Abandons Acquisition of Server Firm; Nvidia Welcomes U.S. Nod to Sell H200 AI Chips in China; Baidu Weighs Spinoff of AI Chip Unit for Independent Listing; Huawei’s Ren Downplays Chip Shortage, Touts AI for Industrial Value; China’s AI Chip Leaders Ride IPO Wave Amid Drive for Tech Self-Sufficiency; Tsing Micro Raises Over 2 Billion Yuan in State-Backed Round as China Ramps Up AI Chip Push; Synthetic Biology at Scale Could Reshape Food and Materials Systems, Expert Says; ByteDance in Talks With Smartphone Makers to Embed AI Assistant; Lenovo Executive Urges AI Startups to Take On Tech Giants; Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform; Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model; Pony AI Plans to Triple Robotaxi Fleet to 3,000 by 2026 as Revenue Jumps

By Wang Juanjuan and Han Wei / Jun 15, 2019 03:50 AM / Finance

Photo: VCG

A former chief of the top securities regulator’s branch in northeast province of Shandong has been placed under graft investigation, six years after retirement, China’s top anti-corruption watchdog said late Friday.

Xu Tie, the former party chief and director of the Shandong bureau of the China Securities Regulatory Commission, is being investigated for “suspicion of severe violation in law and discipline,” the Central Commission for Discipline Inspection (CCDI) said.

Xu was the top securities regulator in Shandong between 2008 and 2013, when he retired from the post. Previously, he worked eight years in the CSRC’s offering supervision department overseeing initial public offerings. A total of 628 companies completed IPOs during Xu’s tenure as deputy head of the department, including scandal plagued Kangmei Pharmaceutical Co. Ltd.

A person close to the matter said Xu is being probed in related to Shandong-based auto parts producer Xingmin Intelligent Transportation Systems, whose chairman is reportedly under investigation. Xingmin didn’t reply to Caixin’s question for comment.

Share this article

Open WeChat and scan the QR code