Ex-Official of China’s Banking Regulator Hit With Corruption Probe

What’s new: China’s top graft buster has placed a former banking regulatory official under investigation, as the country continues its crackdown on corruption among financial overseers.

Zhang Jinsong, an ex-deputy director of the now-defunct China Banking and Insurance Regulatory Commission’s (CBIRC) law and regulation department, is being investigated for suspected severe violations of law and Communist Party discipline, the Central Commission for Discipline Inspection announced Friday.