Another Shanghai Exchange Official Comes Under Graft Investigation

What’s new: Liu Ti, former deputy general manager of the Shanghai Stock Exchange, was put under investigation on suspicion of serious violation of law on his position, China’s top graft buster said Friday.

Liu, 54, was taken away Monday by authorities, Caixin learned from several sources. The Central Commission for Discipline Inspection didn’t disclose the reason for the probe, but some sources said it might be related to the 2021 bribery case of Cao Jian, former deputy chief responsible for vetting initial public offerings on the exchange’s Nasdaq-like STAR Market.