Former Provincial Finance Chief Falls Under Graft Probe

What’s new: Chen Jixing, once the finance chief of China’s richest province of Guangdong, is being investigated by the country’s top graft buster amid an ongoing crackdown to root out corruption in the $60 trillion financial system.

The 68-year-old retired official is suspected of “serious violations of (Communist Party) discipline and law, a common euphemism for corruption, according to a statement published Sunday by the Central Commission for Discipline Inspection.