Minsheng Securities Chairman Under Anti-Graft Probe

Feng Henian, a former official of China’s securities watchdog and current chairman of a major Chinese securities brokerage, was placed under investigation by the country’s graft busters for “serious disciplinary violation,” the agency said.

Feng, 60, was detained Tuesday by authorities, several people familiar with the matter confirmed with Caixin. Half a dozen people were also taken away for questioning, including his family members, they said. Feng’s residence in Beijing was raided, they said.