Another Central Bank Official Snared in Graft Probe

What’s new: Li Guo, a deputy director of the secretariat bureau at the People’s Bank of China (PBOC), has been placed under investigation by the country’s top anti-graft agency, as Beijing continues its drive to stamp out misconduct in the financial sector.

Li is suspected of serious violations of law and Communist Party discipline, the Central Commission for Discipline Inspection (CCDI) said in a statement on its website Wednesday, without giving details. Announcements of this nature are typically related to graft.