China’s Graft Watchdog Investigates Ex-Securities Regulator

What’s new: Zhu Congjiu, a former senior official at China’s top securities regulator, has been placed under investigation on suspicion of serious violation of law and Communist Party discipline, the country’s top anti-corruption watchdog said Thursday.

It didn’t specify details of the alleged violation.

Zhu, 58, was taken away by authorities on Friday, people familiar with the matter told Caixin. Early in his career, Zhu spent about two decades in China’s securities regulatory system, climbing the ladder to become an assistant chairman at the China Securities Regulatory Commission (CSRC).