Chinese Private Equity Veteran Gao Bin Under Investigation

Gao Bin, the former head of a Shanghai-based private equity firm and a former securities regulator, was taken away by authorities for investigation, Caixin learned from sources.

Gao, 55, was fired as chairman and general manager of Greenwoods Investment. His investigation may be related to the probe of Zhu Congjiu, former assistant chairman of the China Securities Regulatory Commission (CSRC), who was placed under investigation in early May, people close to senior management of Greenwoods told Caixin Wednesday.